Organisation and financing of the fisheries sector
The common fisheries policy (CFP) has been based on a common organisation of the markets (CMO) since October 1970. This CMO aims to find the right balance between supply and demand in the interests of European fishers and consumers. It introduces marketing standards, a price stabilisation system and rules for trade with third countries. A European Fisheries Fund (EFF) enables solutions to be found to surplus fleet capacity, overindebtedness of enterprises, technical restrictions, and adaptations regarding hygiene, health, product quality and safety on board vessels.