New reports confirm need for reform of EU fisheries policy

Two recent reports by the European Commission add further weight to calls for significant structural change within the EU fish catching sector and a far reaching reform of the Common Fisheries Policy (CFP). The 2010 Annual Economic Report on the EU fishing fleet shows a reduction in economic performance of the EU fishing sector in recent years. The report lays out economic trends in the EU fisheries sector in the period 2002-2008.