The stated aim of Iceland’s fisheries legislation is to promote the protection and economic exploitation of marine resources, and to protect employment and communities.
Legislation has confirmed the system of transferable quotas for most species and fishing rights allocated to particular vessels.
Law number 38/1990, repeated as law number 116/2006 on the management of fisheries remains the cornerstone of the current fisheries management system.
The Minister for Fisheries and Agriculture bears responsibility for management of fisheries. The policy of the Ministry for Fisheries and Agriculture is for the exploitation of marine resources to be sustainable and for decisions to be based on the best available science at the time.
The authorities set regulations governing the handling, processing and distribution of seafood products. This is to ensure that Icelandic seafood is healthy, meets all the requirements for quality, are produced under satisfactory hygiene conditions and that all marking and information is satisfactory.
VSV is party to statements on responsible fisheries and undertakes to operate in accordance with these.
Statements are available in English, French and German.