Displaying items by tag: opportunities

Greenland concluded negotiations with the EU for a new Sustainable Fisheries Partnership Agreement (SFPA) that will strengthen cooperation between the two partners for the next four years with the possibility of a two-year extension. The agreement is an important milestone in the long-standing bilateral cooperation between the two in fisheries and renews the commitment to promoting the sustainable use of marine resources. Financially, this is the third most important agreement in place for the EU and will allow the EU fleet (12 large-scale trawlers) to continue fishing in Greenland waters for at least the next 4 years while continuing to contribute to the development of the fisheries sector in Greenland.

International control is essential

Climate models predict that the Arctic could be ice-free during the summer months by the middle of the century, allowing access to previously unused fishing grounds. What sounds positive on the surface poses considerable risks to the fragile ecosystems of the Arctic region. Current international governance systems are not enough to counterbalance these developments and enable effective management of the Arctic fishery.

This article was featured in EUROFISH Magazine 6/2020.