Negotiations between the EU and Senegal on the renewal of their fisheries protocol, which expired last December, have been suspended.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The eighth round of negotiations was held in Brussels from 19 to 21 March 2002. The two parties have resolved almost all the outstanding issues except for the amount of the financial contribution.
The European Commission delegation felt that additional fishing possibilities would have been necessary to justify the substantial increase in the compensation requested by the Senegalese representatives. However, additional fishing possibilities could not be justified on the basis of the information available on the state of the fish stocks.
In order to guarantee responsible and sustainable fisheries, the EU delegation proposed to enter into a partnership with the Senegalese authorities. The EU offered to help evaluate the state of the stocks in order to verify whether an increase in fishing possibilities could in the future be justified. The two parties have agreed to resume negotiations in the coming weeks.
For more information on this story, click here.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
