The UK fishing industry will receive over 2,000 tonnes of fishing
opportunities in Faroese waters, following annual negotiations
with the Faroe Islands for 2025, the UK government has announced
today (17 March). Based on historical prices, those are valued at
£5 million to the UK.
The agreement secures UK fishermen 880 tonnes of cod and haddock,
575 tonnes of saithe, as well as redfish, blue ling and ling,
flatfish and other species in Faroese waters.
The agreement also reconfirms the UK and Faroese commitments to
scientific cooperation and to establish a new joint Compliance
Forum, which will allow the parties to share good practice on
monitoring, control and surveillance.
The deal follows the conclusion of negotiations with the EU,
Norway and other coastal States at the end of 2024. In total,
this brings fishing opportunities secured for the UK fleet in
2025 in the main negotiating forums to 750,000, worth up £960m
based on historic landing prices.
Fisheries Minister
said:
I'm pleased the UK has reached an agreement with the Faroe
Islands that will allow UK fishing vessels to take advantage of
valuable fishing opportunities in 2025.
This agreement concludes the UK's fisheries negotiations for 2025
and will see our fleet ready to take advantage of the quotas
secured through these key negotiating forums. This government
will always stand up for the British fishing industry, supporting
our coastal communities through a sustainable and economically
successful fishing sector.
The UK negotiates annually with the Faroese Government under the
UK-Faroe Islands fisheries framework agreement on potential
exchanges of quota and broader fisheries management
measures.
The agreement highlights both parties' continued commitment to
manage fisheries sustainably and support the long-term viability
of stocks.
Throughout the negotiations, the UK Government worked closely
with the devolved administrations to ensure that all fishing
communities across the UK will benefit from the agreement.
