The Common Fisheries Policy
For this reason, the Common Fisheries Policy (CFP) was created, initially in 1970 by the six founding members of the European Community. The aim was for countries in the EU to jointly manage their fisheries in unison, and to maintain a thriving, profitable and sustainable fishing industry throughout Europe.
To achieve this end, the CFP's activities include:
- Setting and enforcing rules and regulations to ensure sustainability
- Monitoring the size of the European fishing fleet
- Providing funding and technical support for sustainability initiatives
- Supporting new developments in the EU aquaculture sector
- Funding scientific research and data collection
The Common Fisheries Policy has been undergoing a reform process with the new CFP, effective 1 January 2014, aiming to ensure that both fishing and aquaculture activities are environmentally sustainable in the long term.