FINANCIAL INSTRUMENTS FOR THE FUTURE CFP

Framian proposed that the European Fisheries Fund of 2013-2022 should be constructed along the following lines:

Principles:

• Focus on ‘raison d’être’ of CFP – exploitation of common resource
• Pro-active - addressing causes, not consequences
• Process oriented – addressing behaviour of operators, not structure/size of the sector
• Creating conditions, not benefiting individuals
• Focus on public tasks (environment), not industry viability

Objective:
Proportionate support of CFP objectives and priorities.

• Promotion of cooperation / Industry assuming responsibility
• Strengthening industry knowledge and its input to scientific assessment
• Introduction of new technologies (reduction of discards and other impacts)
• Facilitating markets for production rights (ITRs)
• Financial engineering instruments

 (see full presentation)

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