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Newsletter 426

Video guest: Josephine Mwangi

October 2018
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Monday, 15 October 2018

The Governments of Spain and Guinea-Bissau signed an extension of the Memorandum of Understanding between the two countries to enhance the cooperation in fisheries and aquiculture issues. This document dating back to 2008 had been extended in 2010, and the deadline would expire on 31 December this year. The main objective of this MoU is to strengthen relations between sector fisheries and aquaculture institutions of the two countries to contribute to the sustainable development and improve the efficiency of producers. The parties agreed to promote cooperation to develop the fisheries-aquaculture sector in Guinea-Bissau, with special emphasis on the promotion of food security and the fight against poverty.

Following an eight year hiatus, the European Union and Senegal on Thursday signed a new five-year Sustainable Fisheries Partnership Agreement. The agreement will allow up to 38 EU boats to fish in Senegalese waters in return for a EUR8.69 million payment by the EU. This represents good value for money for both parties and, as with all of the EU's fishing partnerships, the agreement is based on the principles of resource sustainability, good governance, and local development.

The EU's export growth was boosted by demand for certain commodities in China as well as in other emerging economies, according to a European Commission report on the global farming market. Exports of cereals such as wheat and barley to Middle East and North African countries alone accounted for over two thirds of the total export gain. China continued to be one of the fastest-growing exports markets for the EU, which saw its exports share to the Asian country jump to 9.1 percent in 2013, supported mainly by the sales of malt extract for beer brewing, and pork. At the same time, EU sales to the US, its top trade partner, witnessed only slight growth, although imports from the US increased sharply.

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