Sao Tome and Principe and the EU sign new fishing agreement

3 March 2011

Brussels, Belgium, 3 March – Sao Tome and Principe and the European Union (EU) have signed a new three-year fishing agreement that set the fishing quota for European vessels at 7,000 tons per year, according to a statement issued in Brussels.

Under the terms of the deal, which was signed Monday, the EU will pay Sao Tome and Principe 682,500 euros per year, of which 227,500 euros will be to finance programmes for sustainable development of fishing.

The fishing boats authorised to fish in the territorial waters of Sao Tome and Principe are made up of 16 Spanish tuna boats, 12 French tuna boats and 12 line fishing boats for the whole of the European Union. (macauhub)