depletion

European Fisheries Subsidies: State Aid – The Hidden Subsidies

The fishing industry in the European Union (EU) receives a significant amount of government subsidies, which have promoted the overcapacity of European fishing fleets, resulting in overfishing, and rendering fisheries in many European countries unprofitable and a poor investment for taxpayers. In 13 countries, subsidies added up to an amount greater than the value of the fish catch.