Europe's fishing industry has a vital interest in ensuring the conservation of marine ecosystems as all fishing and aquaculture activities depend on a plentiful supply of quality marine resources. The overexploitation of fish stocks has a devastating impact both on Europe's marine life and fishing industry.
The EU's Common Fisheries Policy (CFP) was last reformed in 2002. On 13 July 2011, the European Commission presented its proposals for the reform of the EU common fisheries policy and, on 2 December 2011, it proposed a new fund for the EU's maritime and fisheries policies for the period 2014-2020: the European maritime and fisheries fund (EMFF).
By bringing fish stocks back to sustainable levels, the new common fisheries policy (CFP) aims to provide EU citizens with a stable, secure and healthy food supply for the long term. It seeks to bring new prosperity to the fishing sector, end dependence on subsidies and create new opportunities for jobs and growth in coastal areas. At the same time, it fosters the industry’s accountability for good stewardship of the seas.
Read all about the reform of the Common Fisheries Policy and how environmental considerations have been integrated into it on the Fisheries website of the European Commission.