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Image header Agence Europe
Europe Daily Bulletin No. 9307
Contents Publication in full By article 23 / 38
GENERAL NEWS / (eu) ep/fisheries

Updating rules on funding market subsidies

Strasbourg, 15/11/2006 (Agence Europe) - The European Parliament has approved, without amendments, the proposal to amend the regulation of the common market organisation in the fishing and aquaculture products sector. The report by Philippe Morillon (EPP-ED, France) on this subject was adopted on 14 November in Strasbourg with 450 votes for, 18 against and 12 abstentions. The amendment to this regulation is needed to take into account the new rules for funding spending under the new European Agricultural Guidance and Guarantee Fund (EAGGF) which, from 16 October 2006, will finance measures concerning the fisheries markets (aid to producer organisations, sales postponement, private storage and producer compensation for tuna intended for the processing industry). These measures, which account for around €15 million annually, will be managed in a centralised way by DG Fisheries at the Commission, and no longer shared with Member States. (lc)

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