Source: EJF *
The European Commission is currently considering allowing subsidies for the construction of new fishing vessels in the European Union’s outermost regions – the most remote European territories. Such subsidies could drive overfishing, depleting essential marine resources and threatening food security, and there is no evidence that they provide any significant benefits to local communities, a group of NGOs has said.
More than 40 environmental NGOs are urging the European Commission to honour the objectives of the Common Fisheries Policy and not introduce any provisions that would allow for the reintroduction of subsidies for the construction of new fishing vessels.
Overall, 29% of the planet’s fish stocks that have been assessed are now over-fished and 61% are fully exploited, according to the latest report from the UN Food and Agriculture Organisation. Fishing supports the livelihoods of coastal communities around the world, and marine resources are often an essential part of local food security. This is especially true of poorer, developing areas, such as the outermost regions of the EU. Managing these fisheries in a sustainable manner, to ensure that fish stocks remain healthy, is crucial.