The European Council has approved an agreement on total allowable catches (TACs) and shared fishing quotas for 2022 between Spain and the UK. The deal aims to regulate fishing opportunities, provide scientific advice for species management, and include flexibilities and quota exchanges. While some fish stock quotas have been increased, others have seen reductions, and the agreement maintains TACs for deep-sea species. The quotas acquired through exchange mechanisms are expected to cover accidental catches. The agreement will now be incorporated into Community legislation.