That’s exactly what Boris should’ve done! How the EU suffered as a result of Iceland’s withdrawal from fishing discussions

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That’s exactly what Boris should’ve done! How the EU suffered as a result of Iceland’s withdrawal from fishing discussions

Iceland dropped its attempt to join the EU six years ago, citing a refusal by Reykjavik to share its fishing resources as a major reason.

On Christmas Eve of last year, Britain and the EU signed a post-Brexit trade agreement after nine months of tense negotiations. Despite Downing Street’s claims of a “mutual compromise,” Prime Minister Boris Johnson appears to have caved in on one of the most controversial aspects of the talks: fishing rights. Any fishing arrangement, according to the UK, should be distinct from the trade agreement, with access renegotiate annually, similar to Iceland’s relationship with the EU.

Iceland is an independent coastal state with the rights and responsibilities that come with that status under international law.

Annual bilateral agreements are used to manage stocks shared with the EU. These discussions, which take place every autumn, determine the total authorized catches based on scientific recommendations.

This is in sharp contrast to the UK fishing industry’s status under the EU’s Common Fisheries Policy (CFP), which Brussels was determined to preserve at all costs.

With the UK exiting the CFP, the UK agreed to a further five-and-a-half years of “predictability” for fishing communities.

Between now and 2026, stock quotas for UK fishermen will be gradually increased over a five-year period.

This means that Britain will fish just over 66% of its own waters, compared to Iceland, which catches 90% of its own fish.

EU fishing vessels will have full access to fish in UK seas during the transition, and after that, negotiations will be held on an annual basis, similar to those between Iceland and the EU.

If Britain refuses to allow access, the EU will be able to react with tariffs, meaning London would never have complete control over its waterways.

After breaking away from talks with the EU, Iceland was able to achieve this.

Former Prime Minister Jóhanna Sigurardóttir viewed EU membership as a chance to save Iceland from economic deterioration in 2009.

Reykjavik, on the other hand, made it clear from the start that it would not be willing to give up its waters.

Iceland, according to former foreign minister Ossur Skarpheoinsson, could have shown the EU how to manage fisheries resources.

“One of the two cod stocks in the world that are on the rise is in Iceland,” he told the EuObserver.

Icelanders were also claimed by him. “Brinkwire News in Condensed Form.”

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