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EU, Guinea Bissau sign new sustainable fishing protocol

The new protocol agreed on is for the next five years.

The European Union signed a new five-year protocol with Guinea Bissau over an existing Sustainable Fishing Partnership Agreement (SFPA), driven by the union's need to access the waters for several fish species, including tuna and shrimps.

For granting access, the European Union offers the west African country a financial contribution of €15.6 million ($17.6 million) in addition to financing EU shipowners.

The protocol highlights more sustainable management of resources, legal stability, transparency, science-based access and monitoring, and the sustainable development of Guinea Bissau's fisheries sector.

The European Union required access to the country's waters for fishing tuna, demersal fish, cephalopods, shrimps and small pelagic species.

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