The European Commission (EC) is
A recent study by the EC shows that only 9 per cent of European fish stocks may be at sustainable levels by 2022 if the CFP is not revised.
“The CFP reform needs to have the recovery and long-term health of fish and marine ecosystems as its central goal,” the WWF urged. “With three out of four assessed fish stocks in Europe overfished, a fleet which continues to be two to three times too large to be sustainable, and a 30 per cent fall in landings at European Union (EU) ports between 1998 and 2008, prospects seem grim.”
Green NGOs claim that 62 per cent of stocks in the Atlantic ocean are overfished and 82 per cent of stocks are overfished in the Mediterranean Sea, reports TheParliament.com.
"Europe's fishing grounds were once among the most productive in the world, but 40 years of the CFP have resulted in serious depletion of fish populations, ecosystem degradation and damage to species, habitats and sites supposedly protected by EU environmental legislation,” Saskia Richartz of Greenpeace said.
"Fishing has become unsustainable, increasingly unprofitable and reliant on public subsidies. This in turn has led to poverty in coastal communities and an ever growing reliance on imported fish," she pointed out.
WWF thinks a successful CFP reform would:
• Ensure conservation goals such as ending overfishing and discards, achieving Maximum Sustainable Yield (MSY) by 2015 and Good Environmental Status for EU waters by 2020.
• Establish clear and binding targets which must be met through Long-Term Management Plans (LTMPs) designed specifically for each fishery. These plans should be in place by 2015 and be co-managed by stakeholder groups at fisheries level.
• Provide a management framework for tailored solutions, such as Appropriate Rights Based Management (RBM) systems, which make fishers more accountable and gives them a more secure stake in the fishery, and catch quota management.
• Let the EU be a world leader in promoting sustainable fisheries globally by applying the new CFP to all fisheries and all EU vessels wherever they fish in the world, and by taking a leadership role in international management bodies such as the Regional Fisheries Management Organisations.
“Only a strong management framework which involves fishermen and other stakeholders can end the madness of the yearly quota negotiations and the disregard of scientific advice. We need an ambitious CFP reform to halt the man-made disaster happening in our seas,” stated WWF’s Head of European Marine & Fisheries Policy Louize Hill.
WWF will assess the Commission’s final Regulation text on how it delivers on the aforementioned major asks.
(Fis.com)
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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