EU, Cape Verde sign 4-year fisheries agreement

The European Union (EU) and Cape Verde have agreed on a new protocol to the Fisheries Partnership Agreement.

The four-year protocol will replace the current protocol which expires on Aug. 31, 2014, and will allow 71 EU vessels to fish for tuna and other highly migratory species in Cape Verdean waters.

In return, the EU has increased its financial contribution and will pay Cape Verde €550,000 ($724,471) per year for the first two years of application and €500,000 ($658,610) per year for the final two years of application.

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