Big Cut to EU Fisheries Fund
In the European Commission’s proposed financial framework for the 2028–2034 period, the budget of the European Maritime, Fisheries and Aquaculture Fund (EMFAF) has been reduced by two-thirds and limited to EUR 2 billion.
06 Eylül 2025 - 12:17 - Güncelleme: 06 Eylül 2025 - 12:19
The European Commission recently proposed a Multiannual Financial Framework for the seven-year period between 2028 and 2034 that would, among several other moves, absorb the E.U.’s European Maritime Fisheries and Aquaculture Fund (EMFAF) into a broader EUR 865 billion (USD 1.03 trillion) funding pool shared with projects in agriculture, regional development, and other areas.
The current EMFAF runs from 2021 to 2027 and provides subsidies “for developing innovative projects ensuring that aquatic and maritime resources are used sustainably,” according to the commission.
Under the proposed framework, EMFAF funding would amount to just EUR 2 billion (USD 2.3 billion), which is about one-third of its current total.
“This cut comes after years of quota reductions, increasing limitations on fishing days, and a lack of real support for fishing effort. It is a new blow to an essential sector that is already on the edge,” said Crespo Diaz, the chair of the E.U.’s Committee on Fisheries. “Fisheries is a common E.U. policy. It must not lose its identity. Without a specific fund, there is no specific policy.”
Aquaculture producers within the bloc are also worried about the possible cuts...
The current EMFAF runs from 2021 to 2027 and provides subsidies “for developing innovative projects ensuring that aquatic and maritime resources are used sustainably,” according to the commission.
Under the proposed framework, EMFAF funding would amount to just EUR 2 billion (USD 2.3 billion), which is about one-third of its current total.
“This cut comes after years of quota reductions, increasing limitations on fishing days, and a lack of real support for fishing effort. It is a new blow to an essential sector that is already on the edge,” said Crespo Diaz, the chair of the E.U.’s Committee on Fisheries. “Fisheries is a common E.U. policy. It must not lose its identity. Without a specific fund, there is no specific policy.”
Aquaculture producers within the bloc are also worried about the possible cuts...
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