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Press releases and News :: EU and Faroe Islands reach agreement on reciprocal exchanges of fishing opportunities

EU and Faroe Islands reach agreement on reciprocal exchanges of fishing opportunities

(14/03/2014) Following the conclusion of the new Coastal State mackerel agreement, which was signed in London on 12 March, agreement was reached on 13 March between the European Union and the Faroe Islands on reciprocal exchanges of fishing opportunities in each other’s waters for 2014. This agreement follows a period of four years, during which time the Parties had not concluded arrangements, due to the long-standing mackerel dispute.

The new agreement involves the exchange of a number of important quotas, including cod, haddock, saithe and redfish for the European Union, with Norway pout and blue whiting for the Faroe Islands. The Parties have also agreed reciprocal access to each other’s waters for mackerel and blue whiting.

Details of reciprocal arrangements agreed for 2014

Quotas agreed by the Parties for 2014 (in tonnes)

For the European Union from the Faroe Islands:

Cod and Haddock 950
Saithe 3,000
Redfish 1,300
Blue Ling and Ling 1,500
Flatfish 300
Blue Whiting 2,000
Other Species 800

For the Faroe Islands to the European Union:

Ling and Tusk  200
Blue Ling 150
Horse Mackerel 1,700
Norway pout 7,000
Blue Whiting 15,000
Other White Fish 150
Herring 600
Northern deep-water Prawns 1,300 
Greenland Halibut 110
Redfish 250

The Parties have also agreed access to each other’s waters for:

- 46,850 tonnes of mackerel
- 25,000 tonnes of blue whiting