RT Book, Section A1 OECD T1 Iceland JF Review of Fisheries in OECD Countries: Policies and Summary Statistics YR 2010 FD May 28 SP 267 OP 277 AB The Ministry of Fisheries and Agriculture decided in 2007 to follow the recommendations of The Icelandic Marine Research Institute and cut cod quotas by 30% to 130 000 tonnes for the next 1-2 years, so as to expedite the growth of the stock, especially in view of the enhanced likelihood of stronger recruitment in the years to come. This decision will be a painful one in the short term. However, it is considered important to protect the long-term interests of all who benefit from the exploitation of the cod stocks near Iceland. It is also consistent with responsible fisheries management and is an element in guaranteeing the sustainability of the fish stocks. PB Organisation for Economic Co-operation and Development DO 10.1787/rev_fish_pol-2009-22-en UL http://www.oecd-ilibrary.org/;jsessionid=drdocajls2tz.x-oecd-live-02content/chapter/rev_fish_pol-2009-22-en