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.