The fishing industry in Morocco is a leading foreign exchange earner, accounting for 2,84% of total exports. [1] For a long time the industry has been an economic pillar for the country. [2] The kingdom is considered the largest fish market in Africa, with an estimated total catch of 1,084,638 MT in 2001. [3]
The fisheries sector accounts for 3% of Morocco's GDP. The government estimates the number of direct and indirect jobs at 400,000 (including 104,000 fishermen). [4] The small-scale fisheries sector (100,000 people) lags far behind other branches of the fishing industry owing to the lack of infrastructure and of harbour facilities and plant.
The fishing grounds in the Canary Current off Morocco's west coast are exceptionally rich in sardines, bonito, and tuna, but the country lacks the modern fleets and processing facilities to benefit fully from these marine resources. An important part of a major trade agreement Morocco concluded with the European Union in 1996 concerned fishing rights, by which the EU pays Morocco an annual fee to allow vessels (mainly Spanish) to fish Moroccan waters. A new four-year fishery agreement with the European Union will allow European vessels, mostly from Spain, to operate in Moroccan and Western Saharan waters in exchange for an economic compensation programme, which the National Fishery Office of Morocco intends to use to boost modernisation of its domestic fishery sector. [5]
Morocco's wide-reaching agricultural reform drive has been extended to the fishing industry. At the end of September 2009, the Ministry of Agriculture, Rural Development and Maritime Fishing unveiled Plan Halieutis. Which aims to increase exports from DH8.3bn (€729m) in 2007 to DH21.9bn (€1.9bn) by 2020. [6] In the same time period, the sector's contribution to GDP is expected to rise from DH16.2bn to DH23.9bn (€2bn). Direct jobs in the fishing industry, a key employer, are also anticipated to nearly double, rising from 61,650 to 115,000. [7]
There have been constant disputes with Spain over fishing rights since 1973 when Morocco declared an Exclusive Economic Zone (EEZ), resulting in a 70-nautical-mile (130 km) coastal fishing limit. This was extended to 200 nautical miles (370 km) in 1981. [8] In February 2012 it was reported that the Spanish Prime Minister was urging Morocco to negotiate an agreement about these differences. [9]
The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture. The Falkland Islands use the Falkland pound, which is backed by the British pound.
The economy of Morocco is considered a relatively liberal economy, governed by the law of supply and demand. Since 1993, in line with many Western world changes, Morocco has followed a policy of privatisation of certain economic sectors which used to be in the hands of the government. Morocco has become a major player in African economic affairs, and is the 5th largest African economy by GDP (PPP). The World Economic Forum placed Morocco as the most competitive economy in North Africa, in its African Competitiveness Report 2014–2015.
The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. With a population of 387,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The 2008–2011 Icelandic financial crisis produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourism boom starting in 2010. Tourism accounted for more than 10% of Iceland's GDP in 2017. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018.
The Common Fisheries Policy (CFP) is the fisheries policy of the European Union (EU). It sets quotas for which member states are allowed to catch each type of fish, as well as encouraging the fishing industry by various market interventions. In 2004 it had a budget of €931 million, approximately 0.75% of the EU budget.
Morocco is a neighbouring and associated country of the European Union. The nation has a territorial land border with EU member Spain in the exclaves of Ceuta and Melilla. It also has a maritime border with Spain through the Gibraltar Strait and Exclusive Economic Zone borders with EU member Portugal in the Atlantic. The relations between the two are framed in the European Neighbourhood Policy (ENP) and the Union for the Mediterranean. Among the ENP countries, Morocco has been recognised an advanced status, opening up to high levels of political cooperation.
Illegal, unreported and unregulated fishing (IUU) is an issue around the world. Fishing industry observers believe IUU occurs in most fisheries, and accounts for up to 30% of total catches in some important fisheries.
The fishing industry in Scotland comprises a significant proportion of the United Kingdom fishing industry. A recent inquiry by the Royal Society of Edinburgh found fishing to be of much greater social, economic and cultural importance to Scotland than it is relative to the rest of the UK. Scotland has just 8.4 per cent of the UK population but lands at its ports over 60 per cent of the total catch in the UK.
Fishing in India is a major sector within the economy of India contributing 1.07% of its total GDP. The fishing sector in India supports the livelihood of over 28 million people in the country, especially within the marginalized and vulnerable communities. India is the third largest fish producing country in the world accounting for 7.96% of the global production and second largest producer of fish through aquaculture, after China. The total fish production during the FY 2020-21 is estimated at 14.73 million metric tonnes. According to the National Fisheries Development Board the Fisheries Industry generates an export earnings of Rs 334.41 billion. Centrally sponsored schemes will increase exports by Rs 1 lakh crore in FY25. 65,000 fishermen have been trained under these schemes from 2017 to 2020. Freshwater fishing consists of 55% of total fish production.
Canada's fishing industry is a key contributor to the success of the Canadian economy. In 2018, Canada's fishing industry was worth $36.1 billion in fish and seafood products and employed approximately 300,000 people. Aquaculture, which is the farming of fish, shellfish, and aquatic plants in fresh or salt water, is the fastest growing food production activity in the world and a growing sector in Canada. In 2015, aquaculture generated over $1 billion in GDP and close to $3 billion in total economic activity. The Department Of Fisheries and Oceans (DFO) oversees the management of Canada's aquatic resources and works with fishermen across the country to ensure the sustainability of Canada's oceans and in-land fisheries.
The economy of Algeria deals with Algeria's current and structural economic situation. Since independence in 1962, Algeria has launched major economic projects to build up a dense industrial base. However, despite these major achievements, the Algerian economy has gone through various stages of turbulence.
Fishing is a major economic activity in Portugal. The country has a long tradition in the sector, and is among the countries in the world with the highest fish consumption per capita. Roman ruins of fish processing facilities were found across the Portuguese coast. Fish has been an important staple for the entire Portuguese population, at least since the Portuguese Age of Discovery.
Until the 1960s, agriculture and fishing were the dominant industries of the economy of South Korea. The fishing industry of South Korea depends on the existing bodies of water that are shared between South Korea, China and Japan. Its coastline lies adjacent to the Yellow Sea, the East China Sea and the East Sea, and enables access to marine life such as fish and crustaceans.
As with other countries, New Zealand's 200 nautical miles exclusive economic zone gives its fishing industry special fishing rights. It covers 4.1 million square kilometres. This is the sixth largest zone in the world, and is fourteen times the land area of New Zealand.
Agriculture in Morocco employs about 40% of the nation's workforce. Thus, it is the largest employer in the country. In the rainy sections of the northwest, barley, wheat, and other cereals can be raised without irrigation. On the Atlantic coast, where there are extensive plains, olives, citrus fruits, and wine grapes are grown, largely with water supplied by artesian wells. Livestock are raised and forests yield cork, cabinet wood, and building materials. Part of the maritime population fishes for its livelihood. Agadir, Essaouira, El Jadida, and Larache are among the important fishing harbors. Both the agriculture and fishing industries are expected to be severely impacted by climate change.
Seafood in Australia comes from local and international commercial fisheries, aquaculture and recreational anglers. It is an economically important sector, and along with agriculture and forestry contributed $24,744 million to Australia's GDP in year 2007–2008, out of a total GDP of $1,084,146 million. Commercial fisheries in Commonwealth waters are managed by the Australian Fisheries Management Authority, while commercial and recreational fishing in state waters is managed by various state-level agencies.
In 2007, the financial sector of Morocco maintained an economic environment conducive to further growth of banking activity following a very good year for the sector in 2006. Morocco's banks have been largely unaffected by the credit crisis due to their limited connection to global financial markets. The number of people with a bank account increased from 25% in 2007 to 29% in 2008, while deposits rose by 11.1% to a record Dh572.3bn (€
The EU-Moroccan Fisheries Partnership Agreement (FPA) is a fisheries agreement between the European Community (EC) and Morocco that allows European fishing vessels to fish off the shores of Morocco. The FPA allows community vessels from 11 Member States to fish in Moroccan waters and can be considered as one of the major fisheries agreement for the EC. It was signed on 28 July 2005, concluded on 22 May 2006 and entered into force on 28 February 2007. The agreement is set to expire on 27 February 2011.
The fishing industry in Greenland is very important to the national economy of Greenland and local food supply. It is the source of many people's livelihoods all across the country, employing some 6,500 out of a national population of 56,452 people (2010).
Spain is an eminently maritime country with a long continental shelf running along the entire periphery of the Spanish coast. This narrow continental shelf is extremely rich in fish resources since the shelf is close to land.
Fish for finance is a possible trade-off that has been considered by both sides in the trade negotiations between the United Kingdom and the European Union (EU) over their future relationship following Brexit in January 2020. The Brexit withdrawal agreement between the two parties called for an agreement on fisheries to be concluded by June 2020, followed by an agreement on financial services at the end of July, deadlines which were both missed. Both were expected to be part of the final EU–UK trade agreement reached by the end of 2020, the end of the Brexit transition period. The final agreement had some broad outlines for a future fishing deal, primarily gradual EU concessions of fishing quota in UK waters, but was largely silent on finance.
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