This means that, under the Agreement, vessels from Norway and Greenland are now permitted to fish in each other’s exclusive economic zones. Issues such as the scope of the fishing, as well as the detailed catch conditions are also laid down in the respective quota protocols. The quota protocols are negotiated annually.
According to this agreement, Greenland is obligated to limit its total fisheries in the Barents Sea to stocks that Greenland is allocated by Norway and Russia. However, these obligations are without reference to whether the fishing is done inside or outside those two states’ jurisdictions. For Norway, the quotas of Greenland halibut, cod and redfish are of the greatest commercial importance. For Greenland, the quota allocation of Norwegian arctic cod remains as the most essential stock.
In the 2010 quota agreement, Greenland’s allocation of cod in the Barents Sea increased. Similarly, the haddock and saithe quotas were increased significantly. For Norway, this agreement resulted in an increase of the Greenland Halibut quota.
In addition to the quota agreement, an agreement on control collaboration was made between the Norwegian Fisheries Directorate and the Greenland Home Rule Agency of Fisheries, Hunting and Agriculture in March 2005. This Agreement focuses on exchange of landing and catch information and data on contraventions.