Author (Person) | Smyth, Jamie |
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Series Title | Financial Times |
Series Details | 17.8.12 |
Publication Date | 17/08/2012 |
Content Type | News |
Almost 40 years since the 'cod wars' over fishing rights in the north Atlantic, Iceland has become embroiled in a bitter dispute with Ireland over its right to harvest the mackerel species. Dublin and several other European fishing states were pressing the EU in 2012 to impose sanctions against Iceland and the Faroes for significantly increasing their mackerel catch and abstaining from international agreement to sustain the fishery. The north-east Atlantic mackerel fishery is worth about €1bn annually if fished within sustainable limits set by the International Council for the Exploration of the Sea (ICES), the scientific body that advises governments on their fish quotas. |
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Subject Categories | Business and Industry |
Countries / Regions | Denmark, Europe, Iceland, Ireland |
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