Want some of your cod back? European Union requests exchange of its northern cod for a chunk of redfish quota

The European Union wants to give back some of its offshore northern cod quota in exchange for some of Canada’s offshore redfish quota. According to Fisheries, Forestry and Agriculture Minister Gerry Byrne, the EU has indicated it is willing to give back 70 tonnes of northern cod and wants 245 tonnes of red fish in return. According to fisheries management information published by the Northwest Atlantic Fisheries Organization (NAFO), the European Union has a total allowable catch of 735 tonnes of northern cod in NAFO Zone 3L  off eastern Newfoundland  for the 2024-2025 season, which runs until June 30. The EU was allocated nearly 1,094 tonnes of redfish for the same zone for the current season. more, >>CLICK TO READ<< 16:14

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