EU FAROES DEAL TO MAINTAIN FISHING BALANCE
EU Faroes Deal to Maintain Fishing Balance – The recently signed EU and the Faroe Islands fisheries arrangement for 2019 will maintain the balance of fishing possibilities and the high dependency on fisheries of the Faroe Islands.
This arrangement does not involve joint management of any shared stock – but only provisions for transfers of fishing opportunities and reciprocal access to each other’s waters.
The parties agreed to grant reciprocal access to fish 24,690 tonnes of mackerel for 2019 (compared to 30,877 tonnes in 2018). For blue whiting and Atlanto-Scandian herring, the reciprocal access will be respectively 22,500 tonnes and 4,500 tonnes, to be fished in one another’s waters (compared to 21,500 tonnes and 4,000 tonnes the previous year).
The agreement signed in Brussels, will ensure continuation of fishing operations for both Parties in each other’s waters from 1 January 2019.