The blue economy employs close to 4.5 million people and generates around €650 billion in turnover and €176 billion in gross value added in the EU. Aquaculture – fish farming – accounts for 20% of fish and shellfish supply in the EU. The sector is composed of 15,000 enterprises and employs 70,000 people. As part of the blue economy, fisheries and aquaculture are key to boosting the COVID-19 economic recovery, creating jobs and offering sustainable development opportunities to coastal and rural populations. Yet red tape and insufficient investments continue to hinder the full development of a European aquaculture sector.
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