Gabon has made the strategic decision not to extend its fishing partnership agreement with the European Union (EU), which was set to conclude on June 28, 2026.
This pivotal choice underscores the authorities’ firm commitment to asserting greater control over their valuable marine resources and ensuring maximum economic returns for the nation.
Was Gabon undervalued in the previous agreement?
A primary point of contention for Libreville revolved around the meager revenues generated by the prior arrangement. Earnings, approximated at just 2.6 million euros annually (nearly 1.7 billion FCFA), were considered significantly inadequate given the substantial value of catches harvested within Gabonese waters.
The government’s new focus is on prioritizing the local processing of tuna, aiming to stimulate job creation, attract industrial investments, and generate greater added value across the national territory.
Seeking a more equitable partnership
This strategic direction aligns with a broader national agenda centered on economic sovereignty and fostering the development of the blue economy.
While dialogues with Brussels remain open, Gabon has unequivocally stated its objective: to forge a partnership that is both more balanced and substantially more beneficial for its national economy.