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Arctic Economy's "Sustainable Fisheries"


(AE) established in Iceland in the year of 2008 and operates as an umbrella on sustainability for the fishing sector in Iceland, with a wide expertise on sustainable methods within the fishing industry ecosystem.

AE aims to introduce a comprehensive and elaborate structure encompassing the management of the marine ecosystem and technology in fisheries in the same manner as has been done in Iceland over several decades. the plan is to implement this ambitious project which we have named “Sustainable Fisheries”.

We have put together a group of professionals and experts who have worked within the fishing and marine industries and academia. The aim is to draw on the wealth of experience and knowledge that has been accumulated in the development of the successful fisheries management system in Iceland. The profitability of the Icelandic model of sustainable fisheries can be demonstrated with hard data. Furthermore, it is our conviction that its significant contribution to the economy can be effectively emulated by other nations.

The project would be implemented in a holistic manner, based on our experience and expertise in terms of management of fishing, processing, and marketing of limited resources, with the inclusion of relevant regulatory bodies and government agencies. We will develop a flexible blueprint for a comprehensive fisheries management system which could be adjusted to different circumstances and realities in suitable partner countries. Our intention would be for this blueprint to be used in developing countries that are in a similar position as Iceland was a few decades ago. We believe that this project could be a potent tool in assisting the communities concerned to make use of the technologies at their disposal and thus improve their fisheries management and maritime industries in general. It is vital that this is done in a manner in which the countries in question would be able to develop and implement technology and education in cooperation with their enterprises. As a result, they should be able to receive new technology, albeit in a way that corresponds to the present situation in each country.

It is essential to ensure that co-operation on the dissemination of knowledge by the Blue Economy is carried out with the participation of public bodies, business community, academia, as well as others involved in the project.

It should be emphasized that this project is in line with the Sustainable Development Goals of the United Nations (SDGs) # 8 and # 14. Furthermore, it relates to other SDGs such as #2,#5, # 6, # 9, # 10 and #17.


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