Law No. 10.849 instituting the National Programme for Financing the Improvement and Modernization of the National Fishing Fleet – Profrota Pesqueira. Country/Territory Brazil Document type Legislation Date 2004 Source FAO, FAOLEX Subject Fisheries Keyword Marine fisheries Special fund Subsidy/incentive EEZ-Exclusive Economic Zone Equipment Fishing area Fishing vessel Fishery management and conservation Maritime zone Geographical area Amazonia, Americas, Latin America and the Caribbean, North Atlantic, South America, South Atlantic Entry into force notes This Law enters into force on the day of its publication. Abstract 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. Full text Portuguese Website www.senado.gov.br References - Legislation Implemented by Decree No. 5.474 on the Programme to improve the National Fishing Fleet – Profrota Pesquieira. Legislation | Brazil | 2005 Keyword: Fishery management and conservation, Fishing vessel, Special fund Source: FAO, FAOLEX Decree No. 5095 regulating Law No. 10849 on the National Programme for Financing the Improvement and Modernization of the National Fishing Fleet – Profrota Pesqueira. Legislation | Brazil | 2004 Keyword: Marine fisheries, Special fund, Subsidy/incentive, EEZ-Exclusive Economic Zone, Equipment, Fishing area, Fishing vessel, Fishery management and conservation, Maritime zone Source: FAO, FAOLEX Amended by Decree No. 6.746 amending the Decree No. 5.474 of 22 June 2005 on the Programme to improve the National Fishing Fleet – Profrota Pesquieira. Legislation | Brazil | 2009 Keyword: Fishery management and conservation, Fishing vessel, Special fund Source: FAO, FAOLEX