The realised that the UK will be an independent coastal state has the important impact that the automatic right of EU vessels to fish in UK waters – the principle of equal access – will come to an end. Similarly, quotas between the UK and EU Member States are no longer governed by the 1983 agreement, known as the principle of relative stability. The reference to regulatory autonomy is also weighted, as it is a recognition of the fact that the United Kingdom establishes, after each transitional period, the rules applicable to all vessels in Switzerland and abroad fishing in the exclusive economic zone of the United Kingdom. The European institutions – the Council of Ministers, the European Parliament and the European Commission – will no longer set the rules under which vessels fish in British waters. Unlike many other Norwegian goods, Norwegian fishery products do not have free access to the European internal market and are subject to various customs duties. Ireland`s commercial fishing industry employs around 11,000 people in the fishing, processing and related services such as distribution and marketing. The sector is worth around €1.22 billion a year to the Irish economy. Irish fishery products are exported worldwide to Africa, Japan and China.. .
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