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The EC Common Fisheries Policy$
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Robin Churchill and Daniel Owen

Print publication date: 2010

Print ISBN-13: 9780199275847

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199275847.001.0001

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Public expenditure in the fisheries sector

Public expenditure in the fisheries sector

(p.505) 8 Public expenditure in the fisheries sector
The EC Common Fisheries Policy

Robin R. Churchill

Daniel Owen

Oxford University Press

This chapter addresses public expenditure in the fisheries sector. It deals first with two EC financial instruments: the European Fisheries Fund (EFF) and Regulation 861/2006. The latter is complementary in purpose to the EFF and is sometimes referred to as ‘the second fisheries instrument’, i.e., second to the EFF. The EFF and Regulation 861/2006 are not the only sources of EC funding for the Common Fisheries Policy (CFP). A further important source is the European Agricultural Guarantee Fund (EAGF). The EAGF funds the market intervention system (i.e., permanent withdrawal, ‘carry-over’, ‘private storage’, and the ‘compensatory allowance’ for tuna producers) as well as providing some other funding to producer organizations. Some other Community financial instruments provide support in connection with fisheries, albeit not under the CFP. After dealing with the EFF and Regulation 861/2006, the chapter moves on to consider State aid, i.e., aid granted by Member States to the fishing industry other than in conjunction with funds from any EC financial instrument.

Keywords:   public expenditure, European Fisheries Fund, Regulation 861/2006, European Commission, Common Fisheries Policy, Agricultural Guarantee Fund, financial instruments, state aid

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