On Thursday 31 October, the European Commission adopted a proposal to mitigate the economic impact of the closure of cod fishing in the Western Baltic in 2019 and 2020, including exceptional aid for ‘scrapping’ from the European Maritime and Fisheries Fund (EMFF).
“The cod stock in the Eastern Baltic is not expected to recover until 2024, even in the absence of fishingâ€, says the proposal (see EUROPE B12350A15).Â
The fleet segments most dependent on this species encompass 300...