After years of debate and months of negotiation an agreement has been reached between the EU Parliament, Council and Commission on the reform of common fisheries policy (CFP). The new accord, which will be applicable from January 1st 2014, promises to be more decentralised at the decisional level, as well as more sustainable environmentally and economically. The technical details still need to be worked out, but the reform will introduce more stringent limits on the exploitation of fish stocks, ban throwing back unwanted fish, in addition to development and promotion plans for aquaculture. There will also be new labels that will show complete product names and information on origin. The Council still has to formally adopt the reform’s new text, then it will be up to the parliament to publish it in the European Union Official Journal.
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