Minister of Fisheries Steingrímur J. Sigfússon has reached an agreement with the University of Iceland’s Institute of Economic Studies to investigate the macro-economic influence of commercial whaling in Iceland.
Minister of Finance, Fisheries and Agriculture Steingrímur J. Sigfússon. Photo by Páll Kjartansson.
Factors such as the influence of whaling on employment levels, investments and export revenue will be taken into account, in addition to collateral influence on tourism and possible influence in other areas, Fréttabladid reports.
The study fulfills Sigfússon’s promise in February when he announced that he would not revoke his predecessor Einar K. Gudfinnsson’s controversial decision on a continuous commercial quota on fin and minke whales.
Click here to read more about whaling in Iceland.