Common Fisheries Policy

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The EU's fishing fleet numbers 88,000 – the second largest in the world – and can fish freely across the European Union catching nearly six million metric tonnes a year

The Common Fisheries Policy (CFP) is the fisheries policy of the European Union (EU). It sets quotas for which member states are allowed to catch what amounts of each type of fish, as well as encouraging the fishing industry by various market interventions. In 2004 it had a budget of €931 million, approximately 0.75% of the EU budget.

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