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Under the post-Brexit deal announced Thursday, European fishing fleets will give up a quarter of the value of their catch in British waters, during a transition period that lasts until June 2026, a senior European official told AFP. Agerpres.
However, details of the species and areas affected by this percentage have not been established, the official added. After a transition period of five and a half years, access to European fleets in British waters will be renegotiated annually. EU fishermen will also maintain, until 2026, guaranteed access to fishing grounds between six and 12 nautical miles off the coast of Great Britain, in territorial waters, where they traditionally went fishing.
Catches by EU fishermen in British waters amount to around € 650 million per year. The fleets of eight EU Member States are responsible for 40% of the value of catches made in the UK’s exclusive economic zone, according to a report by the European Parliament. Norway is also present.
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About a quarter of French catches in terms of volume and about 20% in value terms come from British waters. Dependency is even higher in Belgium (50% of catches), Ireland (35%), Denmark (30%) and the Netherlands (28%). Spain, Germany and Sweden are also targets, but to a lesser extent.
The UK and the European Union reached an agreement on post-Brexit trade relations on Thursday, just days before London leaves the EU single market. The deal is being reached after months of stalemate, but a deal was announced on Wednesday. The longest point of discussion was the subject of fishing.
The UK officially left the EU at the end of January, but remained a member of the EU internal market and customs union until the end of the transition period at the end of the year.
In the absence of an agreement, high customs duties and other trade barriers would have been applied, risking serious damage to the economy and supply chains.
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