Gabon has made the strategic decision not to extend its fishing partnership agreement with the European Union (EU), as the current accord is set to expire on June 28, 2026. This pivotal move underscores the Gabonese authorities’ strong desire to assert greater control over their valuable marine resources and maximize the economic benefits for the nation.

Was Gabon’s fishing pact truly beneficial?

A central point of contention for Libreville has been the notably low revenue generated by the existing agreement. Estimated at roughly 2.6 million euros annually (approximately 1.7 billion FCFA), these earnings are considered insufficient when weighed against the substantial value of catches harvested from Gabonese waters.

The government is now firmly committed to prioritizing the domestic processing of tuna. This initiative aims to foster significant job creation, attract industrial investments, and generate increased added value within the national economy.

Forging a more equitable partnership

This new direction is an integral part of a broader national strategy focused on achieving economic sovereignty and advancing the country’s ‘blue economy’ development.

While discussions with Brussels have not been entirely concluded, Gabon’s clear ambition remains unequivocal: to secure a partnership that is both more balanced and substantially more profitable for its economic future.