EU and Norway reach bilateral agreement on shared stocks
Friday, March 14, 2014, 22:10 (GMT + 9)
A new arrangement on the management of shared fish stocks in the North Sea was concluded this week in London between the European Union and Norway for 2014. Total allowable catches (TACs) and quotas for the shared stocks in the North Sea were established and an agreement was also reached on the exchange of reciprocal fishing possibilities in each other's waters.
This arrangement involves an increase of 5 per cent in the TAC for North Sea cod and 15 per cent for North Sea plaice compared to 2013. However, the TACs for North Sea haddock, saithe and whiting have been reduced by 15 per cent with the herring TAC in the same area being reduced by 2 per cent.
Following the arrangement on mackerel among the three Coastal States (EU, Faroe Islands and Norway), which was also signed in London on Wednesday, the EU quota for mackerel in 2014 amounts to 611,205 tonnes.
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