Norwegian Commercial Fisheries Sample Clauses

Norwegian Commercial Fisheries. Fisheries have been one of Norway’s central components of business and industry because of the rich fishing grounds that Norway controls (FAO 2012). Norway controls the North Sea, Norwegian coast, Barents Sea, and the Polar Front in the Norwegian Sea, which are some of the most productive fishing grounds in the world. Today, Norway is one of the top exporters of fish and fishery products, placing 2nd in the world in 2010 with over US$8.8M in export goods (FAO 2012). In 2011, Norway landed 2,298,907 m tons of seafood worth just over 16 billion Norwegian Kroner (NOK) (Statistics Norway 2013). Almost 90% of Norway’s fisheries are conducted on stocks that are shared with other states (NMFCA 2013). Norway has fishing quota and fishing location agreements with Russia, the EU, Iceland, the Faroe Islands, and Greenland. Greenland and Norway have a reciprocal agreement that allows each country to fish in the Exclusive Economic Zone (EEZ) of the other (NMFCA 2013). Xxxxxxx was the most landed fish species in the Norwegian fishery, with landings of 633,103 tons in 2011, worth 3.33 billion NOK (Table 2- 3) (Statistics Norway 2013). However, the most valuable fish caught in the Norwegian fishery is cod. In 2011, the cod fishery landed 340,167 tons with a value of 3.96 billion NOK (Statistics Norway 2013).
Sample 1
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