Agreement between Norway and Iceland concerning Fishery and Continental Shelf Questions.

The Parties agree, in particular in view of the danger of overfishing which in particular threatens the capelin stock, to cooperate on practical questions in the fisheries sector, attaching particular importance to measures directed towards conservation, rational exploitation and sound reproduction of the fish stocks which migrate in the sea areas between Iceland and Jan Mayen. The Parties shall exchange information regarding catch statistics and national fishery measures, coordinate scientific research and pool their experience in respect of developments in the fisheries and Fisheries Commission shall be established. Provision is made to regulate fishing for capelin and to establish a total allowable catch and to resolve a pending dispute regarding the continental shelf.