After years of collaboration under a fishing partnership agreement with the European Union, Gabon has announced it will not renew the deal when it expires on June 28, 2026.
This bold move reflects the country’s determination to regain full control over its marine resources and redirect economic benefits toward national development. Authorities emphasize that the current terms of the agreement no longer align with Gabon’s long-term vision for its blue economy.
Questioning past terms
The decision comes amid growing dissatisfaction with the financial returns generated by the partnership. Officials point out that Gabon earned only around €2.6 million annually (1.7 billion FCFA)—a figure they describe as disproportionately low compared to the volume of fish harvested in Gabonese waters. The government believes these earnings do not reflect the true value of the country’s marine assets.
Instead of continuing with the existing model, Gabon is shifting its focus to local tuna processing. The strategy aims to stimulate industrial growth, create jobs, and increase the added value of marine products within the national economy.
Seeking a fairer partnership
The move is part of a broader effort to strengthen Gabon’s economic sovereignty and accelerate the development of its blue economy. While negotiations with the European Union are not yet officially terminated, Gabon has made its priorities clear: securing a more balanced and economically beneficial agreement in the future.
