OSLO, Oct. 22 (Xinhua) -- Norway has finalized a fisheries agreement for 2024 with Russia through digital discussions, which is viewed as Norway's paramount bilateral fisheries contract.
"We're pleased to solidify a fisheries agreement with Russia, especially considering the exceptional circumstances this year," Norway's Fisheries and Oceans Minister Cecilie Myrseth said in a statement on Saturday.
"It forms the bedrock for preserving cod stocks, as well as other species in the Barents Sea," said Myrseth, adding that the pact is integral to ensuring sustainable marine management in the northern regions.
According to the agreement, the northeast Arctic cod's total quota for 2024 stands at 453,427 metric tons, a 20-percent decline from the current year. Norway's cod quota for 2024 will be 212,124 metric tons.
Norway and Russia also reached consensus on extending their collaborative efforts to devise management guidelines for capelin, prawns, turbot and halibut, the minister said.
