Glossary:Common fisheries policy (CFP)
From Statistics Explained
The Common fisheries policy, abbreviated as CFP, is the European Union policy for managing the fisheries in the waters of Member States. Its objectives are:
- increasing productivity;
- stabilizing markets;
- ensuring security of supply and reasonable prices to the consumer.
Although a Common fisheries policy was already provided for in the Treaty of Rome in 1957, it did not become a common policy in the full sense of the term until 1983. The CFP has the same legal basis (Articles 32-38 of the EC Treaty) as the Common agricultural policy and shares the same aims mentioned above. Like the CAP, the CFP is a shared responsibility of the European Union and its Member States.
Successive reforms have added new aims to the initial goals of the CFP:
- sustainable exploitation of resources;
- protection of the environment;
- safeguards for a high level of human health protection;
- contributing to economic and social cohesion.
Protection of fish stocks and the marine environment especially is a key issue, given the threat posed by resource depletion.