Gabon terminated the fishing agreement with EU

Gabon is following the path Burkina Faso has taken. After 18 years, Gabon unilaterally terminated its fisheries agreement with the EU. The reason for this is likely an "imbalance" of benefits and growing concerns about resource exploitation. Gabon had a fisheries agreement with the European Union since 2007, which allowed European fishing fleets access to Gabonese waters. In return, Gabon received financial support for its fishing sector. The agreement was part of the EU's external relations and fisheries policy, included agreements on catch controls and fishing rights, as well as reciprocal benefits for Gabon. The termination of the agreement likely reflects Gabon's changing political and economic priorities in the area of ​​sustainable fishing and resource management. European vessels were allowed to fish in Gabon. The EU has give financial support for the Gabonese fishing sector. Gabon recognized the need for economic benefits. Gabon expressed a desire to expand domestic fish processing capacity. @https://www.msn.com/en-gb/money/other/gabon-withdraws-from-eu-fishing-agreement-after-18-years/ar-AA1GerfM%3Focid%3Dfinance-verthp-feeds @https://www.africanews.com/2025/06/06/gabon-withdraws-from-eu-fishing-agreement-after-18-years/ @https://www.africanews.com/2025/06/06/gabon-withdraws-from-eu-fishing-agreement-after-18-years/