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)
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.
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)|
|Greenland Halibut - West||2,250|
|Greenland Halibut - East||4,950|
|Northern Prawn - West||2,600|
|Northern Prawn - East||4,850|
|Grenadier spp. - West||100|
|Grenadier spp. - East||100|
|Reference prices as set out in the protocol (2021-2024/6)|
(EUR per tonne)
|Stock||Live weight price in EUR per tonne|
|Greenland Halibut - West||4,640|
|Greenland Halibut - East||4,640|
|Northern Prawn - West||4,080|
|Northern Prawn - East||4,080|
|Grenadier spp. - West||1,735|
|Grenadier spp. - East||1,735|
|License fees paid by the ship-owners|
|Stock||EUR per tonne (2021-2022)||EUR per tonne (2023-2024)||EUR per tonne (2025-2026)|
|Northern Prawn - East||100||181||263|
|Northern Prawn - West||159||240||322|
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.
Current legal framework
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.