HISTORIC AGREEMENT ON MACKEREL BETWEEN NORWAY AND EU
(Thomson Reuters ONE) - After several years of annual ad hoc agreements, Norway and EU have now enteredinto a long term bilateral agreement on mackerel. This agreement regulatesimportant issues such as the division of the total mackerel quotas between theparties, and questions of mutual zone access in the parties' mackerel fisheries.Norwegian vessels mackerel fisheries in the EU zone were on the 2. October lastyear suddenly closed after disagreements between Norway and EU concerning theagreements on mutual zone access. At this time, Norwegian vessels had aremaining quota of approximately 70.000 tons. This affected the raw materialsupply for Norway Pelagic in 2009, as it was limited to 79.000 tons.The remaining quota of 70.000 tons will be caught in 2010, and this meansNorwegian vessels will be allowed to catch 246.000 tons mackerel in 2010. Theagreement will imply greater flexibility for both industry and fleet to adjustactivity in terms with market conditions. In the longer run, It will also implya more stable framework conditions for Norway Pelagic in terms of stable andsubstantial deliveries, both from Norwegian and foreign vessels. The agreementimplies extended access to each others zones in 2010 and full access from 2011.Norway Pelagic had in 2009 40% of all mackerel landings in Norway, and will aimto have at least the same share in 2010.Contact: Sigurd Teige, Chairman of the Board, tel 913 69 300This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1377606]
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Datum: 27.01.2010 - 04:10 Uhr
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