LIBREVILLE / Gabon has made the pivotal decision not to extend its fishing partnership agreement with the European Union (EU), an accord that was slated to conclude on June 28, 2026.
This strategic move underscores the Gabonese authorities’ strong desire to assert greater command over their valuable marine resources and to significantly boost the economic benefits derived for the nation.
Evaluating the partnership’s value
Central to Libreville’s criticisms was the notably low revenue generated by the existing agreement, which stood at approximately 2.6 million euros annually (nearly 1.7 billion FCFA). This sum was widely considered insufficient when weighed against the substantial value of catches harvested within Gabonese waters.
The government now intends to prioritize the domestic processing of tuna, aiming to stimulate job creation, attract industrial investments, and enhance value addition directly within the national territory.
Forging a more equitable collaboration
This new direction is an integral part of a broader national strategy focused on achieving economic sovereignty and fostering the development of the blue economy.
While discussions with Brussels remain ongoing, Gabon has articulated a clear ambition: to secure a partnership that is both more balanced and substantially more profitable for its economy.
