(Photo: Getty Images) The European Union has decided to drop the sanctions that it had imposed on the northeast Atlantic nation of Faroe Islands.

Last year, the government of Faroe Islands took the matter to the World Trade Organization (WTO), claiming that the EU had no right to ban countries from importing herring from the island group.

The dispute began when the Faroe Islands defied the herring quotas set by the EU, with the latter then accusing the autonomous Danish province of "massive overfishing". However, Maria Damanaki, the EU's maritime affairs commissioner, announced that the Faroese had said they will end their "unsustainable herring fishery" in the northeast Atlantic and drop their WTO complaint against the EU.

Click here to read more about EU fishing policy.

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