Brussels, 18/06/2013 (Agence Europe) - The permanent representatives' committee (Coreper) endorsed, on 14 June, the interinstitutional agreement reached on two texts on common fisheries policy (CFP) reform: - the general basic regulation on CFP reform, and the general regulation on the common market organisation (CMO) in fishery and aquaculture products. The main elements of the compromise on the basic regulation (see EUROPE 10856) specify: - fishing quotas set will fully respect scientific advice, leading to healthy fish stocks and higher quotas as fish stocks are managed at maximum sustainable yield (MSY) levels; - discard of fish stocks will be gradually phased out; - there will be a new regionalised and decentralised approach; - and biologically sensitive areas will be developed and strengthened. The agreement on the CMO regulation was finalised on 4 June (see EUROPE 10860). The texts were due to be endorsed on Tuesday 18 June by the fisheries committee at the European Parliament, after which are to be approved in plenary before being formally adopted by the Council end September/early October. The new CFP will take effect on 1 January 2014. The fisheries committee will vote on 10 July on the report by Alain Cadec (EPP, France) on the European Fund for Marine and Fisheries (EMFF), for the period 2014-2020. The plenary vote is due in November. (LC/transl.jl)