Press Release: Fisheries : new agreement between the EU and Mozambique

The European Commission and the Republic of Mozambique initialled a new fisheries agreement on 24 October 2002. This agreement and its protocol will become applicable on the 1st January of the year following their adoption by the Council, expected some time next year, for a period of three years. This protocol will provide fishing possibilities for tuna and deep-water shrimp for a total of 59 EU vessels. The financial compensation which will be entirely dedicated to targeted measures to strengthen Mozambique's efforts at ensuring sustainable fishing amounts to €4,090,000 per year.