EU to revise State aid rules for crisis-hit fishing and aquaculture sector

The European Commission says it is revising EU state aid rules to provide temporary relief for fishing fleets and fish farmers who have been hard hit by the economic consequences of Covid-19.

A “dramatic downturn” in the demand for seafood has prompted the move by the EU, which says it will allow member states to increase the maximum amount of “de minimis” aid from a current level of €30,000 to €120,000.