Protocol between the Government of Iceland and the Government of Norway under the Agreement between the Government of Iceland, the Government of Norway and the Government of the Russian Federation concerning Certain Aspects of Co-operation in the Area of Fisheries.

With reference to Article 3 of the Agreement between Iceland, Norway and the Russian Federation concerning certain aspects of cooperation in the area of fisheries, signed 15th of May, 1999, a separate bilateral arrangement between the Government of Iceland and the Government of Norway has been concluded regarding the granting of mutual fishing quotas in the respective economic zones, establishment of Total Allowable Catch for North East Arctic cod and related matters such as maximum number of vessels participating, notification, licensing, etc. Iceland shall not undertake fishing for Barents Sea capelin for the period for which the Agreement is in force. The Agreement concerning certain aspects of cooperation in the area of fisheries serves the purposes of ensuring long-term conservation and sustainable utilisation of fish stocks in the entire area covered by the present Agreement.