Guinea-Bissau and the European Union (EU) signed a fisheries agreement on Thursday to allow vessels from some European countries to operate in the country’s territorial waters, the fisheries minister said on Thursday in Bissau.
Minister Adiatu Nandigna said that the European Union agreed to pay Guinea-Bissau 15.6 million euros per year for five years, compared with the previous agreement with Bissau, which stipulated payments of 9.5 million euros annually.
The new agreement stipulates that of the 15.6 million euros per year, 11.6 million will be channeled into the Guinean government’s general budget, and the remaining 4 million euros will be used to support fisheries facilities, supervision of territorial waters and for research.
The agreement between the EU and Guinea-Bissau, in place since 2007, allows vessels from Spain, Italy, Greece, France and Portugal to fish for tuna, cephalopods (octopus, squid, cuttlefish), shrimp and demersal species (flatfish and groupers).
When the previous agreement expired in November 2017, the Guinean government decided not to renew it because it considered the payment to be too low and six rounds of negotiations were needed that took longer than a year for the parties to reach an understanding. (macauhub)