Common Fisheries Policy

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The Common Fisheries Policy (CFP) is the fisheries policy of the European Union (EU). It sets quotas for which member states are allowed to catch each type of fish, as well as encouraging the fishing industry by various market interventions. In 2004 it had a budget of €931 million, approximately 0.75% of the EU budget.

The EU's fishing fleet numbers 88,000 – the second largest in the world – and can fish freely across the European Union, catching nearly six million metric tonnes a year

European Union

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The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. The Union has a total area of 4,233,255 km2 (1,634,469 sq mi) and an estimated total population of over 448 million. The EU has often been described as a sui generis political entity combining the characteristics of both a federation and a confederation.

Treaty of Paris (1951), establishing the ECSC

Signing ceremony of the Treaty of Rome (1957), establishing the ECC

Gerald Ford and the American delegation at the CSCE (1975)

Maastricht Treaty (1992), establishing the EU