Public expenditure in the fisheries sector
This chapter addresses public expenditure in the fisheries sector. It deals first with two EC financial instruments: the European Fisheries Fund (EFF) and Regulation 861/2006. The latter is complementary in purpose to the EFF and is sometimes referred to as ‘the second fisheries instrument’, i.e., second to the EFF. The EFF and Regulation 861/2006 are not the only sources of EC funding for the Common Fisheries Policy (CFP). A further important source is the European Agricultural Guarantee Fund (EAGF). The EAGF funds the market intervention system (i.e., permanent withdrawal, ‘carry-over’, ‘private storage’, and the ‘compensatory allowance’ for tuna producers) as well as providing some other funding to producer organizations. Some other Community financial instruments provide support in connection with fisheries, albeit not under the CFP. After dealing with the EFF and Regulation 861/2006, the chapter moves on to consider State aid, i.e., aid granted by Member States to the fishing industry other than in conjunction with funds from any EC financial instrument.
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