Agreement on fisheries and the marine environment between the European Economic Community and the Republic of Iceland.

The Parties shall cooperate to ensure the conservation and rational management of the fish stocks occurring within the areas of fisheries jurisdiction of both Parties and in adjacent areas. In determining the total allowable catch for the stocks, the Parties shall take into account the best scientific advice available to them, the interdependence of stocks. The Parties shall also facilitate the necessary scientific research. Each Party shall grant access to fishing vessels of the other Party to fish. Each Party may require that fishing in its area of fisheries jurisdiction by fishing vessels of the other Party shall be subject to licence. (12 articles)