EU Plans Fishing Quotas Trade as Stockpiles Unsustainable
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The European Commission may allow fishing fleets to trade catch quotas in an overhaul of policy spurred by warnings that 75 percent of fish stockpiles are being depleted too rapidly.
Under the proposals the European Union will stop ships throwing fish not covered by quotas back into the sea, Maria Damanaki, the commissioner for maritime affairs and fisheries, said in a statement yesterday. The ability to trade the catch will be organised nationally. Aquaculture will be promoted to reduce the number of fish that need to be caught.