The European Commission, on behalf of the EU, and the Republic of Kiribati initialed a new Protocol to the Fisheries Partnership Agreement. This new Protocol will cover a period of 3 years and provide fishing opportunities, which include a reference tonnage of 15,000 tons.
These fishing opportunities, which will be of use for Spanish, French, and Portuguese ship owners, have been calculated on the basis of the scientific recommendations. The new protocol will replace the current Protocol, which is set to expire on September 16th, 2012.
Source: European Commission