BRUSSELS: The council on Friday approved the agreement between the European Union and the United Kingdom on fishing opportunities for 2021 and, for deep-sea stocks, for 2021 and 2022. This agreement is the result of several rounds of consultations between the EU and the UK over the last five months.

Amongst other provisions, the council sets out the total allowable catches (TAC) for 75 shared fish stocks and a number of deep-sea stocks and provides clarity on access limits for non-quota species. It also clarifies access limits for species that are not covered by a quota.

"The agreement guarantees stability for fishermen and women in both the UK and the EU, while also ensuring sustainable management of marine resources," the Council said in a statement following the approval on Friday.

THE Council stated that the agreement is also in line with the social, environmental and economic principles of the bloc's Common Fisheries Policy, provides the certainty needed by the fishing industry, and paves the way for future consultations with the UK on fishing rights. The agreement was reached after several rounds of negotiations.

Under the terms of the EU-UK Trade and Cooperation Agreement concluded in December 2020, the two sides agreed to hold annual consultations on fishing opportunities.

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