European Union and the United Kingdom - fisheries consultations: written record 2022

Quota transfers

a) The Delegations confirmed the commitments in paragraph 8(d) of the 2021 Written Record for the establishment of a mechanism for voluntary in-year transfers of fishing opportunities between the Parties, to be developed in the SCF as referred to in Article 498(8) of the TCA. Until such mechanism is established, the Delegations agreed that the interim mechanism for exchanging 2021 quota should be extended to apply to TACs and quotas on jointly managed stocks, set out in heading [4] of this Written Record for 2022.

b) The Delegations further confirmed their commitment to conclude a final round of transfers for 2021 fishing opportunities by 21 January 2022.

c) The Delegations further agreed to facilitate, within the boundaries of their respective legal frameworks, mutually beneficial swaps between the Parties covering both 2021 and 2022. Such quota transfers should be arranged in such a way that they allow a Party to transfer out quota to the other Party using available quota for 2021, until 21 January 2022, with the understanding that it then receives 2022 quota from that Party to complete the exchange.