The fisheries agreement has been suspended since the coup occurred in the country in 2012 but the Council of the European Union has now authorised the Commission to sign the renewal of the agreement.
The renewal of the agreement has been possible after the decision of the European Union to normalise relations with the African country after the democratic elections in May 2014, validated by international observers.
The new agreement guarantees access of the Galician cephalopod fleet in this fishery.
Following the approval by the Council, it is expected that both parties will sign the Protocol in the near future and fishing licenses will be issued during the month of November.
The new agreement will involve an outlay, by the European Commission of €9.2 million per year, of which three million will be used to strengthen the sector and the fisheries administration of Guinea Bissau.