Failure to implement new fishing laws may cost €40m

The Government has warned that opposition to a new fishing points system and the failure to implement new EU laws could cost Ireland almost €40m.

As part of a Dáil private member’s motion, Fianna Fáil will this week push for Ireland to tweak EU rules on fishing quotas and for the points system to be avoided.

The Cabinet will hear today that this could cost as much as €40m when lost grants and potential fines are accounted for in the fishing industry.