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Gabon has declared its plan to exit a major fisheries agreement with the European Union after 18 years, claiming the partnership has created an unequal distribution of advantages and raising worries about the overuse of marine resources.
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The partnership, which began in 2007, permitted EU fishing vessels to operate in Gabon’s territorial waters in return for financial assistance to support Gabon’s fishing industry.
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Nevertheless, President Brice Clotaire Oligui Nguema has characterized the arrangement as “loopsided,” contending that European fishing companies have gained substantial profits while Gabon has received minimal benefits in return.