A major step toward fundamental reform of the failed Common Fisheries Policy (CFP) was taken this week following agreement on the future of the €6 billion ($7.8 billion) European Maritime and Fisheries Fund (EMFF).
Following a day and a night of lengthy negotiations in Luxembourg, EU fisheries ministers brokered a preliminary agreement, which will fund radical changes to the CFP through the EMFF, replacing the existing European Fisheries Fund (EFF).
This agreement will allow funding to be used to support measures such as paying for more selective catching gear contributing to eliminate discards, or to fund innovative research projects to improve the economic and environmental sustainability of the fishing industry.
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