The new protocol to the fisheries partnership agreement concluded between the EU and Greenland covers the period 1.1.2016 – 31.12.2020.
€16 099 978 including a financial reserve of €1 700 000 for additional quantities of species as set out in the protocol.
The EU contribution is split as follows:€13 168 978 per year for the access to the Greenlandic fishing zone
€2 931 000 per year for the support and implementation of Greenlandic sectoral fisheries policy.
These indicative figures may be adjusted annually downwards or upwards, depending on the conservation state of the stock, the needs of the fishing industry and the surplus available.
The actual financial contribution allocated to Greenland is calculated on 17.5% of the reference price for the stock concerned.
The first fisheries agreement concluded between the EU and Greenland which dates back to 1985 was concluded for an initial period of ten years and thereafter extended for additional six-year periods until it was replaced by the fisheries partnership agreements. The first fisheries agreement was implemented by successive protocols.
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