COMMENTING on the conclusion of a fishing quota exchange between the UK and Faroese Islands, Rural Affairs Secretary Mairi Gougeon said: “These successful negotiations have delivered a significant agreement based on a fair and balanced exchange that all parties are happy to sign up to.”
“The quota exchanges are estimated to be worth more than £5 million each to the UK and Faroe Islands, with Scotland’s share of the deal estimated to be worth £3.4m – the highest return ever on record for Faroese stocks and an excellent result for Scotland’s fishing industry.”
“This success is a testament to the skills and knowledge of the Scottish Government negotiating team in a collaborative effort which is instrumental to the UK’s efforts in all the international negotiations.”
“Their efforts and expertise have been crucial in securing this significant deal that provides additional opportunities and flexibility for Scotland’s fishers and coastal communities.”
“This agreement again shows that Scotland can reach agreements with international partners that work for all.”
The deal agreed by the parties includes quota exchanges worth an estimated value of more than £5 million to each Party (£3.4 million to Scotland). These exchanges will enable Scottish vessels to fish cod, haddock, saithe and other species in Faroese waters in 2022.
Faroese vessels will be granted quota to fish stocks that are underutilised by the UK. These include western horse mackerel, Greenland halibut, ling and tusk, and western blue ling, in UK waters.
