EU allows Portugal to catch 18,000 more tonnes of fish in 2025

On December 10, 2024, European Union Fisheries Ministers convened to negotiate fishing opportunities for member countries in the Atlantic and Mediterranean waters. The outcome of these discussions proved to be beneficial for Portugal, enabling the country to increase its fishing quota by 561 tons compared to the previous year. As a result, Portugal's total fishing quota will reach 18,419 tons in 2025. This increase translates to an estimated monetary gain of approximately 2.8 million euros for the nation's fishermen and coastal communities. Among the notable victories for Portugal is the reestablishment of cod fishing rights in Canadian waters, a significant development considering that it has been over three decades since Portuguese fishermen had access to these fishing grounds. The government estimates that it will allow for the capture of over 6,300 tons of cod, highlighting the importance of this species in Portuguese fisheries. Simultaneously, there is a reduction in the quota for fishing near the Svalbard archipelago in Norway, which has decreased by 26% to 992 tons, reflecting the need for sustainable fishing practices in international waters. The increase in quotas is seen as a response to the ongoing demand for various fish species, including North Atlantic swordfish, monkfish, and skate, which have gained popularity among consumers. The Secretary of State for Fisheries, Cláudia Monteiro de Aguiar, expressed satisfaction with the negotiations, emphasizing the positive outcome and the broader implications for the fishing industry in Portugal. This new agreement marks a pivotal moment for Portugal's fishing industry, providing not only economic benefits but also a renewed opportunity for fishermen to access previously restricted waters. It remains to be seen how the fishing communities will adapt to the changes in quotas and the competitive landscape as they prepare for the fishing season in 2025.