A trilateral agreement between the UK, EU, and Norway has been reached for fishing opportunities in the North Sea until 2025. The Total Allowable Catches (TACs) for six shared stocks have been set following the Maximum Sustainable Yield (MSY) approach. The agreement is projected to be worth over £200 million to Scotland. The catch limit for Northern Shelf cod has also been agreed, aiming to reduce fishing pressure and increase the spawning stock biomass. Parties will continue discussions on managing saithe, cod, and herring, and monitoring, control, and surveillance. Further bilateral consultations with coastal state partners are ongoing, and quotas will be allocated in the new year.