Fisheries

Micronesia

Micronesia

Micronesia

Fisheries partnership agreement

The fisheries partnership agreement concluded between the EU and the Federated States of Micronesia covers the period 26.2.2007 – 25.2.2016.

The new Protocol is currently in the ratification phase and for the time being it is not applied provisionally. There is no Protocol in force since 25 February 2010.

Main features of the FPA

Duration of the Agreement: 9 years renewable for a period of 3 years (26.2.2007 – 25.2.2016)
Duration of the Protocol:  3 years (in the ratification phase)
Initialisation: 13.5.2004
Nature of the FPA:  Tuna Fishery Agreement 
Financial contribution:  559 000 € out of which 27 % has been earmarked for the support of the Micronesian sectoral fisheries policy in order to promote sustainability in its waters.
Fee for ship owners: 35 € per tonne caught.
Advances:   - Tuna seiners: 15 000 € per year (ref catches: 428 t.)
- Surface longliners: 4200 € per year (ref catches: 120 t.)
Reference tonnage:   8 000 t./year
NEW PROTOCOL
Fishing possibilities
  SPAIN FRANCE TOTAL
Tuna seiners 5 1 6 vessels
Surface longliners 12 - 12 vessels

History

This Fisheries Partnership Agreement is the first to be signed between the EC and the Federated States of Micronesia.

Current legal framework