CFP (Common Fisheries Policy)

The Common Fisheries Policy (CFP) is the European Union’s framework for managing shared fish stocks and the EU fishing fleet, set in Regulation (EU) 1380/2013. It pursues maximum sustainable yield exploitation rates, ideally with fishing mortality at or below F_MSY, allocates total allowable catches as national quotas under relative stability, and imposed the landing obligation that phased out discards of quota species between 2015 and 2019. It uses multiannual plans, technical measures, and regionalization through joint recommendations from member-state groups. ICES provides the scientific advice that underpins annual TAC setting.