This  report studies the reform of the Common Fisheries Policy of the European Union  (CFP), that was negotiated in 2002. The European Commission presented in spring  2002 a proposal of changes in the CFP to address the apprehension that the vast  majority of the fish stocks in the EU waters were regarded as being over  exploited. The set-up of the analysis in this report is a game with three  levels (Putnamn, 1988). The levels are the national level, the EU level and the  international level.  
In the preparatory  work of the reform, the Commission came to the conclusion that different goals  within the CFP were in conflict. Financial support to the fishing industry with  the purpose to increase fleet efficiency counteracted with the goals of the  conservation policy of a sustainable fishery. Therefore, the Commission  presented a reform where they, among other things, proposed changes in the  public financial supports to the fishing industry. 
In the  negotiations of the reform, two groups of EU members were formed.  One group, called the “friends of the  fisheries”, with the majority of countries coming from the southern part or EU  (South), strongly opposed part of the reform proposal. The criticism mainly  focused on the proposed changes in the structural policy. One group with  countries from the northern part of EU (North) was, on the whole, positive to  the Commission’s proposal. 
The  position of South resulted in a reform of the CFP that were not as fundamental  as the first proposition of the Commission and hence, as the Commission  regarded as necessary for a sustainable fishery. Critics from North described  the final reform as a failure and Sweden  and Germany  made reservations against the decision. 
The aim of this report is to increase the  understanding of the different positions taken by South and North. Therefore,  the underlying factors for the positions of the member states in the  negotiations of the CFP are analysed. One important conclusion is that the  opposite positions of South and North do not arise from different attitudes  towards the conservation policy but from different attitudes towards the  fishing industry. North attach less importance at the fishing industry compared  to environmental concerns, and South attach equal weight to environmental concerns  and the fishing industry.