Gabon has made a significant strategic decision, choosing not to extend its long-standing fishing partnership agreement with the European Union (EU). This accord is set to expire on June 28, 2026. This move underscores the Gabonese authorities’ strong commitment to reasserting greater command over their valuable marine resources and ensuring maximum economic returns for the nation.

Was Gabon short-changed?

A central point of contention for Libreville has been the perceived inadequacy of revenues generated by the agreement. The annual income, estimated at approximately 2.6 million euros (nearly 1.7 billion FCFA), was deemed insufficient when weighed against the considerable value of the catches made within Gabonese waters.

Consequently, the government is now focused on prioritizing the local processing of tuna. This strategic shift aims to foster the creation of more employment opportunities, attract crucial industrial investments, and significantly enhance added value within the national territory.

Forging a more equitable partnership

This new direction is an integral part of a broader national strategy centered on economic sovereignty and the robust development of its blue economy. While dialogue with Brussels regarding future cooperation remains open, Gabon has articulated a clear ambition: to secure a partnership that is both more balanced and substantially more beneficial to its national economy.