LIBREVILLE / Gabon has made the strategic decision not to extend its fishing partnership agreement with the European Union, which is set to expire on June 28, 2026. This move underscores the Gabonese authorities’ firm intent to assert greater command over their vital marine resources and to significantly boost the economic benefits for the nation.

Examining the value of Gabon’s fisheries

At the core of Libreville’s dissatisfaction lies the perceived inadequacy of revenues generated by the existing agreement. The annual earnings, estimated at approximately 2.6 million euros (nearly 1.7 billion FCFA), are widely considered insufficient when weighed against the substantial value of catches harvested from Gabonese waters.

The government is now focused on prioritizing the domestic processing of tuna. This initiative aims to stimulate job creation, attract industrial investments, and generate increased added value within the national territory.

Forging a more equitable partnership

This new direction is an integral part of a broader national strategy centered on economic sovereignty and the development of Gabon’s blue economy. While discussions with Brussels have not been entirely concluded, Gabon’s ambition is clear: to establish a partnership that is both more balanced and substantially more profitable for its economy.