The government has formed a new five-year harnessing policy in cod fishing. It states that the fishing percentage can never exceed 20 percent of the reference cod stock. It means that the cod quota will always been determined in consistency with the advice of the Icelandic Marine Research Institute.
Fishing in Iceland. Copyright: Icelandic Photo Agency.
Iceland has sent a letter to the International Council for the Exploration of the Sea (ICES), notifying them of this new policy, Fréttabladid reports.
“This decision is in keeping with our suggestions, and we believe it is the most successful way in securing a stronger spawning stock and improved recruitment in the coming years,” said Jóhann Sigurjónsson, director of the Icelandic Marine Research Institute.
A recent study predicted a collapse in the Atlantic cod stock.
Click here to read more on that story.