The EU’s Council of Fisheries Ministers yesterday agreed an emergency response to the fuel price “crisis” that has the right aims but includes too many potentially counter-productive measures.

After a race against the clock the European Commission put together the package of emergency measures endorsed by the Council. It is not clear why after months of raising fuel prices, all of a sudden the measures had to be rushed through Council before the summer break. Such haste resulted in the adoption of measures that will relieve the fishing sector in the short term, but will probably back-fire in the long term.

Seas At Risk and the Deep Sea Conservation Coalition welcome today's agreement by the North-East Atlantic Fisheries Commission to protect deep-sea corals and other sensitive ecosystems from bottom fisheries.

An "extraordinary" meeting of the Commission took place in London this week involving North East Atlantic Fisheries Commission (NEAFC) member countries Norway, Iceland, Russia, the Faroe Islands and Greenland and the European Union.

In a new report the World Bank and the UN Food and Agriculture Organisation calculate the losses of the world's fishing fleet due to poor management and depleted fish stocks at 50 billion US dollars per year.