A Better Way to Share the Fish?

Click here to view PDF...

Ministry of FisheriesAs it chairs the Nordic Cooperation in Fisheries and Aquaculture for the first time, the Faroes places issues of marine ecosystem management and rights based fisheries on the joint agenda, highlighting problems related to changes in migratory resources.

The Faroe Islands has been given a golden opportunity to influence the Nordic fisheries agenda as the country is taking the chair of the Nordic Cooperation in Fisheries and Aquaculture for 2010. Denmark is responsible for the duties of executive committee of the Nordic Council of Ministers this year, however the Faroes has in this connection accepted responsibility for the fisheries policy cooperation, according to the Ministry of Fisheries.

“It is an historic occasion for the Faroe Islands that for the first time we have taken upon us the chairman’s cap for one of the sectors under the umbrella of the Nordic Council of Ministers,” said Minister of Fisheries, Jacob Vestergaard. “This is a long overdue opportunity for us to actively influence, shape and implement the agenda of the Nordic fisheries cooperation, in which we have been participating for many years.”

Making sure the sea is included among principal areas of focus and cooperation in the overriding program of the Danish Chairmanship in 2010, the Faroese Government will be hosting an international conference at political level in the autumn. The conference, entitled ‘Seas the Future’ will be organized by the Ministry of Foreign Affairs and held from 5 to 7 October at the Nordic House in the Faroe Islands. The Conference will provide a general platform to explore the main challenges in ensuring sustainable management of marine resources in the context of global food safety, adaptation by coastal nations to climate change, developing marine-based renewable energy production; and ensuring future safety and sustainability of shipping activities in the Nordic and North Atlantic region.

In accordance with the main themes emphasized by the Faroese fisheries chairmanship, two additional conferences will be held in Tórshavn’s Nordic House throughout the summer, ‘The Pelagic Complex’ on 8-9 September, and ‘Rights-Based Management to the Benefit of Society’ on 10-(11) June, while another one will be held on 26-27 May in Ilulissat, Greenland under the heading ‘Marine Ecosystem Management — How to Make it Sustainable.’

“For small island populations like the Faroes, the importance of the sea around us may seem obvious,” said Rógvi Reinert, Permanent Secretary of the Ministry of Fisheries. “However, for those living in larger cities the outlook is very different. Policy-making on some levels doesn’t seem to pay much attention to the interests of small fishing nations and communities. We are aiming to raise awareness of the sea at the Nordic level, in the hope that this may make it easier to shed light on issues of crucial importance for all those communities that are highly dependent on sustainable marine resources.”


‘Billions’: The ‘Pelagic Complex’ will focus on approaches to managing shared fisheries in the face of changes increasingly occurring in the migratory patterns of pelagic species. It will highlight the question of science-based alternatives to political negotiations over quotas of herring, mackerel, blue whiting, and capelin.

The commercial pelagic fisheries of the northeast Atlantic are managed jointly by the coastal nations — Faroe Islands, EU, Greenland, Iceland, Norway, Russia — through the NEAFC (Northeast Atlantic Fisheries Commission).

Research indicates that the migration patterns of major pelagic species have changed significantly in the last few years.

“Several of the species have increased substantially in biomass and have started to migrate over considerably greater areas than was the case just a few years ago,” said Ulla Svarrer Wang, coordinator and 2010 chair of the Nordic Fisheries Cooperation. This poses huge challenges for the organizations and arrangements whose task it is to manage and distribute rights to the stocks.”

With high values at stake, disputes over the allocation of fishing rights cannot be ruled out. For example, Iceland has stayed outside of the shared mackerel management regime.

In the Faroes, a debate has emerged over the country’s small share of the mackerel quota, with some voices advocating that the Faroes set their own quota . Others have warned that such a step could prove potentially damaging for the country’s vital interests.

“We’re talking about billions worth of pelagic fish,” Mr. Reinert said. “Any change in the management regime could have vast economic implications and affect thousands of people. Perhaps the time has come to explore the possibility of developing non-political, ecosystem-based approaches to the shared management of such resources.”

 

Welcome to the 2011 Edition of the Faroe Business Report

Cover of FBR 2011

I’m proud to present the 6th edition of the Faroe Business Report. It’s a pleasure again this year to bring you this information package about the Faroese business scene in cooperation with leading businesses and government departments and agencies. I encourage you to take a read to check the state of affairs in the Faroese business environment and see what some of the main events are compared to last year or a few years back. I guarantee that there’s quite a few things that happen in the course of a single year — major change can occur very quickly in the Faroe Islands.


Búi Tyril
Publisher and Editor in Chief


Reach International Businesspeople with an Eye on the Faroe Islands

Sponsoring an article or placing an ad in the Faroe Business Report is a great way of accessing important market segments or conveying your values to key constituencies. For those keen to share with an international audience what their position in the Faroe Islands may mean, this yearly publication is recognized as the information medium of choice — an undisputed leader in its field.
Read more (PDF)...


Sannførandi søgur byggja álit millum viðskiftarar og veitarar

Fyri bæði fyritøkur og stovnar er umráðandi at samskifta væl við umheimin, soleiðis at góð og hóskandi kunning altíð er tøk í rættari tíð. Hesin samskiftis tørvur ger seg altíð galdandi, eisini tá vit ikki beinleiðis síggja hann.

Hetta kemst millum annað av at broytingar við meir ella minni avgerandi ávirkan á virksemið hjá fyritøkuni ella stovninum kunnu henda óvæntað skjótt.

Les meira (PDF)...