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Subsidies

EU Policy: Subsidies

For decades, EU fisheries subsidies have fuelled the growth of the EU fleet to a level estimated to be two to three times higher than what the ocean can sustainably provide.

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Accomplishments

January, 2014

EU Moves Away from Harmful Subsidies

European Parliament and the Fisheries Council reached a political agreement on the European Maritime and Fisheries Fund, the financial mechanism that will allow the implementation of the reformed Common Fisheries Policy over the next seven years. Previous fisheries subsidies schemes have given priority to short-term economic interests at the expense of sustainability, using taxpayer’s money to increase fleet capacity and fund overfishing.

Oceana supports the efforts of the European Parliament and Council to stop this toxic pattern, and shift spending towards beneficial measures such as control and data collection. However, Oceana also acknowledges that the EU must move further to make a clean break from harmful subsidies, including recognizing risks associated with certain environmentally harmful subsidies, like those for new engines and the temporary cessation of fishing activity.

January, 2014

EU Moves Away from Harmful Subsidies

European Parliament and the Fisheries Council reached a political agreement on the European Maritime and Fisheries Fund, the financial mechanism that will allow the implementation of the reformed Common Fisheries Policy over the next seven years. Previous fisheries subsidies schemes have given priority to short-term economic interests at the expense of sustainability, using taxpayer’s money to increase fleet capacity and fund overfishing.

Oceana supports the efforts of the European Parliament and Council to stop this toxic pattern, and shift spending towards beneficial measures such as control and data collection. However, Oceana also acknowledges that the EU must move further to make a clean break from harmful subsidies, including recognizing risks associated with certain environmentally harmful subsidies, like those for new engines and the temporary cessation of fishing activity.

Read Press Release

April, 2011

Countries Release Joint Statement on Overfishing Subsidies

Following years of campaign work by Oceana, the United States, New Zealand, Argentina, Australia, Chile, Iceland and Norway released a joint statement that was submitted to the WTO calling for a reduction in fisheries subsidies.

Read the full statement here.

April, 2011

Declaración internacional conjunta sobre las subvenciones que fomentan la sobrepesca

Tras años de campaña de Oceana, los Estados Unidos, Nueva Zelanda, Argentina, Australia, Chile, Islandia y Noruega  lanzaron una declaración conjunta que fue presentada ante la OMC con el fin de conseguir una reducción de subvenciones que fomentan la sobrepesca.

Leer declaración completa aquí.

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