A new agreement on the legal, environmental, economic and social governance of EU vessels’ fishing activities in Morocco and Western Sahara waters was approved today.
The new Sustainable Fisheries Partnership Agreement (SFPA) includes the waters of Western Sahara and aims to take into account the conclusions reached by the EU Court of Justice on this matter. The deal aims to promote sustainable fishing by allowing EU vessels to catch only the allowable catch surplus referred to in the United Nations Convention on the Law of the Sea.
Furthermore, the SFPA:
- enables the EU and Morocco to work together more closely on promoting a sustainable fisheries policy;
- supports Morocco’s efforts to develop the fisheries sector and a blue economy.
The total annual value of the fishing opportunities set in a protocol attached to the agreement is estimated at 153.6 million euros.