EU and Morocco Sign $57 Million Annual Fishing Deal, Awaits EU Parliament Approval

However, it will have to wait until February 11 for it to be definitively validated by the European Parliament, as reported on the website of the European institution.

Brussels and Rabat reached an agreement on July 20, a week after the end of the previous agreement. In total, Europe will pay Morocco 52 million euros per year, of which 12 million euros will be advanced by European shipowners. The previous agreement provided for a remuneration of 40 million euros per year.

In return, Morocco will allow 128 boats, including 92 Spanish ones, to come and fish in Moroccan territorial waters.

This agreement also requires all European boats to unload their cargoes first in Moroccan ports before exporting them to Europe.