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The deal, Norway's largest and most important bilateral fisheries agreement, is seen as vital for preserving key fish stocks in the Barents Sea.

New agreement will boost market access for Norwegian fisheries and aquaculture products in the EU, which remains Norway's largest export market for seafood.

The quota, established according to the International Council for the Exploration of the Sea (ICES) advice, will be 4,557 tons from July 1, 2024, to June 30, 2025.

Following negotiations within the International Commission for the Conservation of Atlantic Tunas, Norway will be able to fish 386.4 tons of Atlantic bluefin tuna in 2024.

"We still need to rebuild the cod stock in the North Sea and Skagerrak," said Norwegian Minister of Fisheries and Oceans Cecilie Myrseth.

Next year Norwegian fishermen will be able to catch more snow crab and less king crab. However, Norway's Ministry of Fisheries and Oceans announced further changes by 2025.