The renewal of the fishing agreement with Madagascar will allow 22 vessels to return to fishing

Published 2022년 11월 3일

Tridge summary

The European Union (EU) has renewed its fishing agreement with Madagascar, permitting 22 Spanish vessels to resume fishing in the Indian Ocean. The deal, following eight rounds of negotiations, will allow tuna seiners and surface longliners to operate in the Mozambique Channel for the first time in four years. In return, the EU will provide Madagascar with a financial contribution of 7.2 million euros over four years, with part of the funds being used for sustainable fishing and the blue economy. The agreement is set to be implemented from July 1, 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The renewal of the fishing agreement between the European Union (EU) and Madagascar will allow 22 Spanish vessels to return to fishing in the waters of this fishing ground in the Indian Ocean. Of these, 16 are tuna seiners that are based mainly in the Basque Country and 6 surface longliners with a port in Galicia, as announced today by the Ministry of Agriculture, Fisheries and Food. This agreement is of great strategic importance for Spanish vessels, both for the surface longline fleet targeting sharks and swordfish, and for freezer tuna seiners, which catch tropical tuna destined for the canning industry (skipjack, yellowfin and bigeye ) and carry out part of their annual cycle in the Mozambique Channel. The agreement, which was signed on October 28 in Antananarivo (Madagascar) and communicated today by the European Commission, has been reached after 8 rounds of negotiations. Its renewal will allow the return to this fishing ground, after four years of suspension, of a total of ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.