News

The Spanish aquaculture calls for lowering VAT and its own European policy such as the Common Agricultural Policy

Published Nov 30, 2023

Tridge summary

Spanish aquaculture companies are requesting a temporary reduction or elimination of VAT on fish and urging the European Union to establish a "community policy" for the sector, similar to the Common Agricultural Policy. Spain is the leading country in the EU in terms of volume of aquaculture farming but imports 60% of aquatic products. The industry is facing challenges such as rising costs and a drop in fish consumption, leading to a loss of profitability.
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Original content

Spanish aquaculture companies have asked in Spain for a temporary reduction or elimination of VAT on fish and the European Union (EU) for a “community policy” for this sector, just as agriculture and livestock have the Common Agricultural Policy (CAP). ). The managing director of Apromar, Javier Ojeda, has reviewed, in an interview with Efeagro, the demands and priorities for this sector, on the occasion of the celebration of National Aquaculture Day, which is commemorated every November 30 coinciding with the holiday. of Saint Andrew. Fish farms, universities and administrations claim the role of fish farming in employment and in rural and coastal areas on this day, promoted 12 years ago by the Biodiversity Foundation - now belonging to the Ministry for the Ecological Transition -. Spain produces more than 326,520 tons of aquaculture products, which generate a turnover of 760.7 million euros, according to Apromar data corresponding to 2022. Fish farming companies face rising ...
Source: PEefeagro
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