The Gabonese authorities have made a pivotal decision, opting against the renewal of their fisheries partnership agreement with the European Union (EU). This significant pact concluded its term on June 28, 2026.
This strategic move underscores Gabon’s firm resolve to assert greater command over its invaluable marine resources and to substantially amplify the economic advantages for the nation.
Assessing the value for Gabon
A primary point of contention raised by Libreville has been the notably low revenue 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 fish catches extracted from Gabonese waters.
Consequently, the government is now committed to prioritizing the local transformation of tuna. This initiative aims to stimulate job creation, attract industrial investments, and foster greater added value directly within the national territory.
Forging a more equitable partnership
This new direction is an integral part of a broader national strategy focused on bolstering economic sovereignty and advancing the burgeoning blue economy sector.
While dialogue with Brussels has not been entirely discontinued, Gabon has articulated its clear aspiration: to secure a partnership that is both more balanced and significantly more profitable for its national economy.
