UK cod-out after Norway talks collapse euractiv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euractiv.com Daily Mail and Mail on Sunday newspapers.
The collapse of talks on a fishing quota deal with Norway has exposed the vulnerability of the UK’s fishing industry and left it in a weaker position than when the UK was in the EU, fishing leaders have said.
The prospect of better opportunities for UK fishermen after exiting the Common Fisheries Policy was one of the most potent arguments for Brexit campaigners both before and after the 2016 referendum on EU membership.
The UK has clawed back some of its available stock under the Trade and Cooperation Agreement with the EU, which was ratified by the European Parliament earlier this week. Under the deal, 25% of the previous EU quota in UK waters will be transferred to the UK over a five-and-a-half year period which concludes in June 2026, with specific percentages of annually agreed Total Allowable Catches (TACs) agreed for each fishing stock. Mutual access to each other’s waters will be through a licencing system for fishing vessels.