Minister of State with special responsibility for Fisheries Sean Connick has objected to Irish fish quotas being transferred under this year's EU-Norway fisheries agreement.
Under the EU-Norway agreement each year, Norway and the EU swap fishing opportunities in each other's waters.
At the EU Fisheries Council in Brussels, Mr Connick outlined the parameters of a deal that Ireland could support with the Faroe Islands on mackerel.
However, this has resulted in the EU giving fish stocks off the west coast of Ireland to Norway in exchange for Norwegian cod.
Minister Connick said that Ireland does not benefit from the transfers from Norway, other than a very small quota of Arctic cod.
He said the EU needs to develop a new framework whereby countries who want to avail of the cod on offer can contribute to a communal EU pool for exchange with Norway.
In this way, he said, member states who want the Cod can avail of it but not to the detriment of countries that do not benefit.
