Press Release: The adoption of its financing concludes the fisheries reform

The Council of the European Union on 6 May 2014 at the Economic and Financial Affairs meeting in Brussels adopted a regulation on the European maritime and fisheries fund (EMFF)replacing the existing European fisheries fund following a first reading agreement with the European Parliament.

The general objective of the EMFF is to support the implementation of the reformed CFP and to further develop the EU's integrated maritime policy (IMP) by financing some of the priorities identified.

The main elements of the regulation are the followings:
- The budgetary resources
- Conditions for engine renewal
- Support for temporary cessation of activity

• Primary Source

ESO: Background information: The adoption of its financing concludes the fisheries reform http://www.europeansources.info/record/press-release-farmed-in-the-eu-commissioner-damanaki-backs-europes-fish-farmers-at-seafood-expo-global-2014/

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