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Commission published the 2019 Annual Economic Report on the performance
of the EU fishing fleets in 2017. The EU fleet registered a net
profit of EUR 1.30 billion, only slightly lower than the record
EUR 1.34 billion in 2016. The strong financial performance was the
result of higher average fish prices, continued low fuel prices,
and the improved status of some important stocks. The Commission
expects the trend to continue into 2018 and 2019. The EU fleet's
gross value added (i.e. the contribution of the fishing sector to
the economy through wages and gross profit) amounted to EUR 4.5
billion. European Commissioner for the Environment, Maritime Affairs
and Fisheries, Karmenu Vella stated that: "this report on Europe's
fishing fleet shows that good results come with good practices".
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