Prime Minister Boris Johnson of Britain made significant concessions on that point: The European Union’s fishing quota in British waters will be cut by 25 percent. But Brussels also compromised: That quota reduction will come into effect over five and a half years, roughly half as long as the European Union originally wanted.
British workers, unhappy not to have exclusive access to fish in British waters, may complain about the deal. But analysts have said that British boats would not have the capacity to catch everything that once went to European boats, even if they had the opportunity to do so.
A no-deal scenario would also have forced tariffs on British fishing companies, making it more difficult for them to sell what they caught to the European Union at competitive prices.
Source Article from https://www.nytimes.com/2020/12/24/world/europe/brexit-uk-eu-explained.html
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