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Oceans and fisheries

The new protocol to the fisheries partnership agreement concluded between the EU and Greenland and Denmark covers the period 22.4.2021 – 21.04.2025. It can be extended for another two years if the parties agree.

Main features of the SFPA

Duration of the agreement

6 years renewable (22.4.2021 – 21.4.2027)

Duration of the protocol

4 years (22.4.2021 – 21.4.2025)

Initialled

8.1.2021

Nature of the SFPA

This is a mixed agreement but the allocation of quotas to the Member States is subjected to the TAC and quota regulation provisions.

Financial contribution

The financial compensation consists of three parts:

  • The access component for which the EU will pay €13,590,754 annually
  • The sectoral support component for which the EU will pay €2,931,000 annually
  • The licence fee component for which European vessel owners will pay around €3.12 million annually for the first two years, €4.64 million annually for the next two years and €6.16 million annually for the last two years (estimations).
Fishing opportunities as set out in the protocol (2021-2024/6)
(tonnes)
StockFishing opportunities
Cod1,950
Pelagic Redfish0
Demersal Redfish1,840
Greenland Halibut - West2,250
Greenland Halibut - East4,950
Northern Prawn - West2,600
Northern Prawn - East4,850
Capelin13,000
Grenadier spp. - West100
Grenadier spp. - East100
Bycatch600
Mackerel0
Total32,240

 

Reference prices as set out in the protocol (2021-2024/6)
(EUR per tonne)
StockLive weight price in EUR per tonne
Cod2,023
Pelagic Redfish1,890
Demersal Redfish1,890
Greenland Halibut - West4,640
Greenland Halibut - East4,640
Northern Prawn - West4,080
Northern Prawn - East4,080
Capelin364
Grenadier spp. - West1,735
Grenadier spp. - East1,735
Bycatch2,260
MackerelPM

 

License fees paid by the ship-owners
StockEUR per tonne (2021-2022)EUR per tonne (2023-2024)EUR per tonne (2025-2026)
Cod160200241
Pelagic Redfish93131169
Demersal Redfish93131169
Greenland halibut216309402
Northern Prawn - East100181263
Northern Prawn - West159240322
Capelin142229

History

The first fisheries agreement concluded between the EU and Greenland which dates back to 1985 was concluded for an initial period of ten years and thereafter extended for additional six-year periods until it was replaced by the fisheries partnership agreements. The first fisheries agreement was implemented by successive protocols.

Documents

Current legal framework

The Agreement and its implementing Protocol were signed and entered in provisional application on 26.03.2021 as authorised by Council Decision (EU) 2021/793 of 26 March 2021. OJ L175 of 18.5.2021.

Council Decision (EU) 2021/2043 of 18 November 2021 on the conclusion, on behalf of the Union, of the Sustainable Fisheries Partnership Agreement between the European Union, of the one part, and the Government of Greenland and the Government of Denmark, of the other part, and the implementing Protocol thereto.