Gabon ends EU fishing deal to boost local industry

DIG / Gabon has officially decided not to extend its fisheries partnership agreement with the European Union, which was set to expire on June 28, 2026. This move reflects a bold shift toward reclaiming control over national marine resources while unlocking greater economic benefits for the country.

The government’s stance stems from growing dissatisfaction with the existing terms, particularly the meager financial returns—estimated at around €2.6 million annually (1.7 billion FCFA)—which officials view as disproportionate to the volume of catches made in Gabonese waters.

Will Gabon regret walking away?

Critics in Libreville argue that the current pact fails to deliver fair compensation, leaving potential economic gains untapped. In response, authorities are prioritizing domestic tuna processing to stimulate job creation, industrial growth, and higher-value production within Gabon’s borders.

Striving for a fairer partnership

This decision aligns with a broader national strategy to strengthen economic sovereignty and expand the blue economy. While negotiations with Brussels are not entirely off the table, Gabon is determined to secure terms that align more closely with its interests and economic ambitions.