The current Protocol, which came into force fully on 13th June 2012, secures access to the Mozambican fishing zone of a maximum of 43 purse seiners and 32 surface longliners flying the flag of an EU Member State for fishing of highly migratory species. As with all of the EU's FPA agreements, partner countries are compensated for granting access to their fishing resources whilst financial support is provided to the partner countries for the implementation of a sustainable fisheries policy. EU's Fisheries Partnership Agreements (FPAs) seek to ensure that the exploitation of fishery resources takes place on the basis of sound scientific advice.

It was agreed that the next round of negotiations would be held in Brussels by September 2014.