The fish that dominate the Greenlandic fishing industry are mainly shrimp, cod, and halibut.
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Norway and Greenland have agreed to reduce the quota levels for cod, haddock, and saithe in Norwegian waters, as well as for Greenland halibut in its economic zone. These changes will take effect in 2025, and both countries will continue their research cooperation as they have done so far.
One of the main reasons for this agreement is the negative development of the Greenland halibut populations and several species in the Barents Sea.
Precisely, Greenland's quotas in Norwegian waters have been reduced by 300 tonnes of cod, 75 tonnes of haddock, and 75 tonnes of saithe. Norwegian fishing for Greenland halibut in West Greenland has been reduced by 200 tonnes and 55 tonnes in East Greenland.
In contrast, the Norwegian cod quota and the halibut quota will remain unchanged. Additionally, the demersal redfish quota in East Greenland will be maintained, the tusk quota will continue, and the by-catch quota will remain the same.
The fisheries legislation in Greenland was updated this year for the first time since 1996, introducing individually transferable quotas for inland fisheries in Greenland and establishing a quota cap for offshore fisheries.
