Fishing industry in Morocco
The fishing industry in Morocco is a leading foreign exchange earner, accounting for 2,84% of total exports. For a long time the industry has been an economic pillar for the country. The kingdom is considered the largest fish market in Africa, with an estimated total catch of 1,084,638 MT in 2001.
Fisheries sector
The fisheries sector accounts for 3% of Morocco's GDP. The government estimates the number of directand indirect jobs at 400,000. The small-scale fisheries sector
lags far behind other branches of the fishing industry owing to the
lack of infrastructure and of harbour facilities and plant.
The fishing grounds in the Canary Current off Morocco's west coast are exceptionally rich in sardines, bonito, and tuna, but the country lacks the modern fleets and processing facilities to benefit fully from these marine resources. An important part of a major trade agreement Morocco concluded with the European Union in 1996 concerned fishing rights, by which the EU pays Morocco an annual fee to allow vessels to fish Moroccan waters. A new four-year fishery agreement with the European Union will allow European vessels, mostly from Spain, to operate in Moroccan and Western Saharan waters in exchange for an economic compensation programme, which the National Fishery Office of Morocco intends to use to boost modernisation of its domestic fishery sector.