Law No. 10.849 instituting the National Programme for Financing the Improvement and Modernization of the National Fishing Fleet – Profrota Pesqueira.

This Law, composed of 10 articles, institutes the National Programme for Financing the Improvement and Modernization of the National Fishing Fleet – Profrota Pesqueira. The Programme finances purchase, construction, transformation, modernization, adaptation, and equipment for fishing vessels. The general objectives of the Programme are: (1) reduce the capture of overexploited stocks, (2) assure the efficiency and sustainability of the national fishing fleet, (3) increase the national production, (4) use the fishing stocks in the Brazilian exclusive economic zone. The Law envisages the following two budget lines: (1) transformation and adaptation; (2) Substitution of vessels. Finally, it sets the guidelines and minimum requirements for the approval of financing projects.

Бразилия · 2004-03-23