Faroe Islands and the European Union Schengen Area are not subject to border controls, although there may be identity checks when checking in for flights. Charges for international services such as phone roaming and bank transfers are much higher than inside the EU. In July 2013 EU imposed sanctions on the Faroe Islands due to a dispute over the fishing quota of herring and mackerel. The boycott which started on 28 August 2013 banned Faroese vessels carrying herring or mackerel from all EU ports, including Denmark, Sweden and Finland. The Faroe Islands could no longer export herring or mackerel to EU countries. The boycott was lifted
Individual fishing quota tends to cause considerable economic harm to coastal communities that are dependent on commercial fisheries. Although IFQ management systems are designed to enhance the economic performance of the fishing industry, this usually comes at the cost of coastal communities whose economies rely principally on their fishing fleet. This cost results from the re-equilibration of the quota-regime market, revealing the inefficient over-investment that had taken place in the industry prior to implementation of the quota regime. Individual fishing quota Individual fishing quotas (IFQs) also known as "individual transferable quotas" (ITQs) are one kind of "catch share", a means by which many