EU fishing ministers have reached a compromise deal on further drastic cuts to avoid the collapse of cod stocks.
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 deal on fishing quotas came after all-night talks in Brussels aimed at saving threatened species, reported the BBC. The 15 EU nations reached a unanimous decision on the long-term recovery plan, but 2004 catch quotas were agreed despite some opposition.
Spain, Denmark, France and Britain were desperate to protect their struggling fishing communities from more draconian restrictions, while Germany and Sweden wanted strict adherence to scientific advice calling for a ban on cod in key fishing grounds and big cuts in other catches.
Under the new quotas, fishermen will be allowed to catch nearly double the amount of haddock. Cod and hake catches will remain at last year’s level.
Fisherman who are able to demonstrate that they catch only negligible or no cod while at sea will be permitted to fish on extra days.
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 GlobalDataTo see the EU Commission’s statement on the news, click here.
