EU approves fisheries agreements with Cabo Verde and Guinea-Bissau

10 September 2015

The European Parliament Wednesday approved new fisheries agreements with Cabo Verde (Cape Verde) and with Guinea-Bissau, which in Cabo Verde’s case will allow 71 vessels from Spain, France and Portugal to fish for tuna and other species.

The agreement between the EU and Cabo Verde was signed a year ago, in August 2014, but was approved Wednesday by the European Parliament, and Cabo Verde will receive 550,000 euros (nearly 60 million escudos) in the first two years and 500 thousand euros in each of the following two.

Cabo Verde will therefore receive 2.1 million euros (228.1 million escudos) in the four years of the term of the agreement, 360,000 euros more than it received under the previous fisheries agreement.

The contract also provides for a monitoring mechanism, strengthening monitoring and surveillance capabilities and support to local fishing communities to promote sustainable fisheries management in the archipelago.

The agreement between the EU and Guinea-Bissau provides for fishing by vessels from Spain, Italy, Portugal, France and Greece for three years.

Guinea will receive 9.2 million euros per year, of which 6.2 million are a payment for access to the resources of the economic zone of Guinea-Bissau and 3 million to support the development of the Guinean fisheries industry. (macauhub/CV/GW/PT)