With almost £200 million worth of fish and crustaceans brought into the UK from the Faroe Islands in 2017, this agreement will allow imports to continue tariff-free and enable businesses to trade as freely as they do now.
Mackerel caught on or after 2nd March 2019 cannot be sold as ‘MSC certified’ or bear the blue MSC label. The suspension affects all 4 certificates, for fisheries across 8 countries, including the Faroe Islands.
The 2018 Corruption Perception Index (CPI), released by anti-corruption campaign group Transparency International on Tuesday, ranks perceptions of corruption levels amongst officials and authorities in different countries.
Arguably one of the most debated political topics in the history of the Faroe Islands, the Act on the Management of Marine Resources, which came into effect as of 18 December 2017, has been one of the current coalition government’s main objectives since taking office.
Shetlanders argue that the EU has allocated far more to the Faroe Islands than to the island’s own eight pelagic boats. They point out that the EU has not kept its promise to review the arrangement and consult UK industry on an improved framework.
The countries that have already signed up to the agreement are Denmark, Sweden, Norway, Finland and Iceland. Greenland and the Faroe Islands have now also signed up at the same level as the other five countries and now benefit from the increased patient safety that the agreement provides.