Overfishing will continue this year in breach of the European Union's Common Fisheries Policy (CFP), despite all member states having committed to ending overfishing by 2015 or even 2020 at the latetst, EU observer reported.

Last month, EU ministers set total allowable catches (TAC) and quotas for the different EU fishing zones.

The European Union and Norway have signed three fisheries arrangements for 2020, including an agreement to cut the quota for North Sea cod by 50 percent to 17,679 metric tons.