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Thursday, 30 June 2011

Mozambique and EU sign new fisheries agreement

Mozambique and the European Union in June signed a three year extension to the current fisheries partnership agreement that is due to expire at the end of this year. Under the agreement 75 European boats will be allowed to fish off the coast of Mozambique. The main fish sought by the boats is tuna. The agreement sets a quota for catches by boats from the European Union, which will drop to 8,000 tonnes (down from 10,000 tonnes). This is due to the fall in the number of boats fishing the waters because of the increased risk of piracy. The European Union pays the Mozambican government for the right to fish in its territorial waters. Because of the drop in quota, the amount paid will fall under this agreement from 650,000 euros (917,000 US dollars) a year to 520,000 euros per year. However, the European Union points out that this drop will be more than offset by increased financial support for the fisheries sector. Over the new period support for the sector will rise from 250,000 euros to 460,000 euros per year. According to the European Union, this will take financial contributions for the fisheries sector to 980,000 euros per year and "demonstrates the good partnership relations between the EU and Mozambique".

Source: AllAfrica/Mozambique News Agency