Greenland loses 3,550 tons of blue cod fishing quota in Faroe Islands waters.

The negotiations between the two parties were held in Nuuk, the capital of Greenland, on December 2nd and 3rd. According to the agreement, Greenland's quota for blue cod in the Faroese waters will be reduced for the new year, mainly due to the latest assessment by scientific advisory bodies showing a 41% decline in blue cod resources compared to the previous year. This adjustment means that the Faroe Islands, based on the resource status, have decided to reduce the amount of fishing quota transferred to Greenland. As a reciprocal measure, Greenland has also reduced the fishing quotas for the Faroe Islands in the eastern Greenland waters. Specifically, the Greenland halibut quota for the Faroe Islands has been reduced by 50 tons, cod by 150 tons, tusk by 200 tons, and another Greenland halibut quota by 25 tons. Data shows that over the past few years, the quota exchange between the two parties for various fish species has remained relatively stable, including cod, Greenland ...