Data loading...

Tuna Deal Between EU-Mauritius At USD 155/ MT European Union, March 25, 13

The Committee on Fisheries of the European Parliament gave the green light for a new fisheries agreement between Mauritius and the European Union (EU). There is only one last step loop.

The new long-awaited agreement between Mauritius and the European Union will be voted on in April, during a plenary session of the Committee on Fisheries of the European Parliament. This body has given its green light to the new version, Friday, March 22. Expected since 2007, it will mark a substantial increase in contributions from the European Union in return for fishing rights in the waters of Mauritius.

According to a temporary agreement, it was decided that the European Union will provide Euro 660,000 (approximately Rs 26.4 million) instead of an envelope of Euro 412,500. Of this amount, Euro 302,000 will be attributed to the development of the fisheries sector. However, the fishing quotas remain unchanged. They are fixed to 5,500 M/T of tuna, which is equal to about 1% of the entire Western Indian Ocean tuna catch which is estimated to be around 550,000 M/T. The quota is shared between 86 vessels from Spain, France, Italy, Portugal and the United Kingdom. It concerns 41 tuna seiners and 45 longliners.

Under this arrangement, the license works out to cost Euro 120 (USD 155 per MT) or Euro 3,600 / (USD 4,650 per fishing day), based on an output of 30 tons of tuna catch per day. In the Western and Central Pacific Ocean, eight island countries known as the Parties to the Nauru Agreement (PNA) charge currently USD 5,000 per fishing day in their exclusive economic zones, and announced they will raise their fees to a minimum benchmark of USD 6,000/day starting Jan. 1st 2014. Considering the current market price of USD 2,285 per MT for whole round skipjack tuna, the new increased license fee works out at 6,7% of the total price.

In order not to compete with small fleets, the European seiners and long liners will operate at more than 15 nautical miles from the coast of Mauritius.

The agreement will be for a period of three years. For MEPs, this new partnership will “help Mauritius develop its capacity to combat illegal fishing in its exclusive economic zone”.