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The Common Organization of the Markets in Fishery and Aquaculture Products

Document format: pdf

Publisher: The Commission of the European Communities

Creation date: 2002

The common organisation of the markets (COM) in fishery and aquaculture products was the first element of the common fisheries policy to be put in place by the Council of Ministers in 1970. Its original aims were to provide market stability and guarantee a fair income for fish producers. The current market organisation is directly descended from the early COM, although it no longer bears but a distant resemblance to it.

Originally drawn up for a European Economic Community of just six countries, the market organisation measures now cover an area that extends from the Baltic to Andalusia and from Crete to Scotland and in which there are significant disparities in distribution chains, consumer habits and prices. In addition, fisheries resources have become increasingly scarce and the COM has had to react accordingly by introducing measures to avoid waste and ensure an optimal match between supply and demand.

Since 1970, every revision of the COM has been made with these objectives in mind. Producer organisations (PO) are the favoured medium through which the changes have been applied. On each occasion the rules were amended, their role was strengthened and they were provided with a variety of tools to stabilise and regulate the market.

Key Words: EU • European Union • European Commission • International Trade • Common Market Organization