Support for the EU fishing sector through the Brexit Adjustment Reserve
At a Glance
02-09-2021
The United Kingdom's withdrawal from the European Union has had a significant impact on several sectors, including EU fisheries, which face a 25 % reduction of their catch value in UK waters. To mitigate the short-term impact on the worst affected countries and sectors, the Commission proposed a €5 billion fund, the Brexit adjustment reserve. In a political agreement on the proposal, now to be formally confirmed by both, the co legislators included Parliament’s proposal to earmark a minimum level of support for the fisheries sector, in particular small-scale coastal fisheries that depend on fishing activities in UK waters.
At a Glance
About this document
Publication type
Author
Policy area
Keyword
- AGRICULTURE, FORESTRY AND FISHERIES
- allocation of resources
- budget
- common fisheries policy
- cooperation policy
- economic geography
- economic policy
- ECONOMICS
- EU aid
- Europe
- European construction
- EUROPEAN UNION
- European Union law
- FINANCE
- financial aid
- fisheries
- GEOGRAPHY
- international law
- INTERNATIONAL RELATIONS
- LAW
- political geography
- proposal (EU)
- public expenditure
- territorial waters
- United Kingdom
- withdrawal from the EU