According to a recent press release by the Council of the EU, the Committee of Permanent Representatives supported the compromise text agreed by the Council and the EP for a regulation on certain measures in relation to unsustainable fishing fishing for the purpose of conservation of fish stocks. Notably, the mechanism proposed by this regulation will allow the third countries concerned to be heard and to have an opportunity to rectify their action.
This regulation provides a framework allowing the EU to take measures for protecting fish stocks against third countries engaged in unsustainable practices in the management of fish resources they share with the EU.
Once all procedural steps are completed this regulation will be adopted by the Council and the European Parliament in the first reading.
Source: Council of the EU