Morocco Turns To Russia After EU Fishing Ban In Western Sahara
Date
12/2/2024 7:00:35 PM
(MENAFN- The Rio Times) Morocco's fishing industry faces a significant shift following a recent European Court of Justice ruling. The court's decision on October 4, 2024, invalidated EU-Morocco trade deals, forcing European fleets out of Western Sahara waters.
In response, Morocco swiftly turned to Russia, extending their fishing agreement until the end of 2024. This move highlights the complex interplay of economics, geopolitics, and resource management in the region. For Morocco, the stakes are high.
As the world's leading sardine exporter, fishing contributes 2% to its GDP and generates €2 billion in annual exports. The loss of EU compensation and fishing rights could have dealt a severe blow to the industry.
However, Morocco's quick pivot to Russia demonstrates its adaptability. The Russian-Moroccan agreement allows Russian vessels to fish in Atlantic waters, with fees paid to Morocco.
This arrangement helps Morocco maintain its fishing revenues and strategic position in the industry. The situation raises important questions about resource rights and international law.
The Polisario Front, representing the Sahrawi people, contests any exploitation of Western Sahara resources without their consent. This dispute underscores the ongoing tension between economic interests and self-determination rights in the region.
Environmental concerns also loom large. The potential intensification of fishing activities to compensate for economic losses could threaten marine ecosystems.
This aspect adds another layer of complexity to the already intricate situation. Morocco's fishing industry has shown resilience despite these challenges.
In the first eight months of 2024, the Mediterranean fishing sector saw an 8% revenue increase, even as catch volumes declined. This growth indicates the sector's ability to adapt to changing circumstances.
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