The government Minister with responsibilities for Fisheries in Iceland has moved to ease pressure on the fishing industry there.
Kristján Þór Júlíusson, Minister of Fisheries and Agriculture, signed into law a regulation amending the allocation of regional quotas to fishing vessels in the 2019/2020 fishing year in response to the effects of the COVID-19 virus.
The Ministry of Industry and Innovation received indications of failure to meet the conditions applicable to the allocation of regional quotas to fishing vessels where market conditions have changed significantly in recent weeks and days.
This is particularly true of lumpfish, where markets have closed and processes are not ready to receive raw materials for processing despite the fact that processing agreements are in force between parties.
The regulation adds transitional provisions that allow municipalities, on the one hand, to apply for a temporary exemption from certain conditions of the regulation on landings within the relevant territories if the processing is partially or completely COVID-19. However, the Regulation stipulates that the Directorate of Fisheries may consider applications for regional quotas that were received after the deadline for applications in municipalities where a regional quota has not already been allocated.
Source: Government of Iceland