Icelandic Fish

Sustainable and responsible management of the many fisheries in Iceland is of a fundamental importance to the government of Iceland and the Icelandic people because the Icelandic fisheries are one of the main pillars of the Icelandic economy. The Icelandic seafood industry is meeting demands of seafood buyers worldwide for sustainable use of marine resources. The Iceland Responsible Fisheries programme was developed on the basis of commitments made through national law and international agreements.

Icelandic cod fisheries were awarded a certification in December 2010 which confirms that these Icelandic fisheries use methoulds and techneques whicch include sustainable harvesting, responsible fisheries management and good treatment of marine resources.The certification is based on standards which are according to the strictest international requirements – FAO-ISO based certification.
The two main species of Icelandic fish that formed the base of the Icelandic economy throughout the 20th century were Icelandic Cod and Icelandic Herring, but as the herring stocks diminished Icelandic Capelin became very important and now in the last years of the century the annual catches can reach over a million tons. Altogether only about 30 species of fish can be said to have a role to play in Icelandic fisheries but the number will most likely rise slightly in the future as one seeks new ways profiting from the ocean and most of today’s stocks are strictly managed by an effective quota system. The most resent species of fish caught commercially by Icelandic fishermen is the Tuna, but the future will determine weather this will become a steady source of work and income.