UK and Faroe Islands reach agreement on 2024 fishing opportunities

United Kingdom

Faroe Islands

Regulation & Compliances

Published Mar 6, 2024

Tridge summary

The UK fishing industry has secured access to over 2,200 metric tons of fishing opportunities in Faroese waters for 2024, as part of annual negotiations between the UK and Faroe Islands. The agreement includes quotas for various species including cod, haddock, saithe, redfish, ling, flatfish, among others. This follows the UK's negotiations with the EU and Norway, which provided access to 420,000 MT of fishing opportunities. In exchange, the UK has transferred some key stocks to the Faroes, including Greenland halibut and haddock.

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Original content

The United Kingdom’s fishing industry will have access to over 2,200 metric tons (MT) of fishing opportunities in Faroese waters this year, including key whitefish species, following the recent conclusion of 2024 negotiations between the Faroe Islands and the U.K.The U.K. and Faroese governments negotiate annually on quota exchanges and broader fisheries management measures under a bilateral framework agreement, and this year’s agreement will see U.K. fishermen benefit from 920 MT of cod and haddock, 600 MT of saithe, as well as redfish, ling, flatfish, and other species. Both parties will also continue carrying out their commitments to cooperating on monitoring, control, and surveillance measures, as well as on scientific projects.The U.K. government said the Faroes deal follows the conclusion of its negotiations with the European Union and Norway at the end of last year, which gave the country’s fishing industry access to 420,000 MT of fishing opportunities worth up to GBP 700 ...

Source: Seafoodsource