The EU has taken action in favour of fishermen in the Eastern Baltic, affected by the recent closure of cod fishing. Through the European Fund for Maritime Affairs and Fisheries, it intends to support them financially.
Eastern cod is one of the main fisheries in the Baltic Sea, but the stock is drastically diminishing. At the Council meeting on 14 and 15 October, Fisheries Ministers approved a Commission proposal and agreed to reduce fishing opportunities for this species to almost zero by 2020.
While this step is required to give the stock a chance to recover, the Commission recognises that it also causes serious and unavoidable economic difficulties for the fleets and fishing communities that have traditionally targeted this stock. The Commission’s proposal aims to mitigate the economic impact of the closure of the fishery and to assist those fishermen who will be affected the most.