December 16, 2020 — A EUR 6.1 billion (USD 7.4 billion) budget of the next European Maritime, Fisheries, and Aquaculture Fund (EMFAF) for 2021 to 2027 is drawing criticism from NGOs and a WTO delegate, who say it represents a harmful subsidy encouraging unsustainable fishing.
The package was agreed to in principle last week in Brussels by the European Union’s parliament, and the European Council, composed of member-state governments.