UK: Faroe deal gives Scots boats extra flexibility

Seafood

United Kingdom

Faroe Islands

Regulation & Compliances

Published Mar 19, 2024

Tridge summary

The UK and the Faroe Islands have reached a bilateral fisheries agreement for 2024, permitting UK vessels to fish for cod, haddock, and saithe in Faroese waters. In return, the Faroe Islands will receive quotas for Greenland halibut, North Sea haddock, and Western blue ling. The deal is projected to offer over £600 million in fishing opportunities to Scottish fishers in 2024. It will also enable larger whitefish vessels to shift their efforts to Faroese waters, thereby alleviating pressure on stocks in Scottish waters.

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Original content

Faroe deal gives Scots boats extra flexibility. Bilateral fisheries negotiations with the Faroe Islands, one of Scotland’s closest fishing neighbours, have now concluded for 2024. These agreements set out exchanges of fishing opportunities of quotas and access. The UK/Faroe agreement sets out quota exchanges which will allow UK vessels to fish key species in Faroese waters. This includes quotas for cod, haddock, and saithe at similar levels to the 2023 agreement in exchange for stocks including Greenland halibut, North Sea haddock and Western blue ling. Cabinet Secretary for Rural Affairs, Land Reform and Islands Mairi Gougeon said: “I am pleased to confirm that an agreement was reached between the UK and the Faroe Islands on 1 March. This was the final in a suite of negotiations which have cumulatively provided over £600 million of fishing opportunities to Scottish fishers in 2024. “The Scottish Government has been fully involved in the negotiations, with these talks highlighted ...

Source: Fish Focus