Negotiations between EU fisheries ministers on agreeing fishing quotas for next year concluded in Brussels overnight.
Irish fishing industry representatives said that some of the tough measures proposed by the European Commission in advance of the talks have been avoided.
In the lead up to these talks, the commission had proposed quota cuts to many of the species targeted by Irish vessels and a restriction on the days allowed at sea off the southeast coast.
In the whole, the industry was facing a 22% reduction in quota.
The outcome of the talks, however, will mean a much smaller cut of 0.9%.
The Minister of State with responsibility for Fisheries, Sean Connick, said it was a very positive outcome in view of the proposals.
He also said that Ireland had secured two-thirds of the overall quota on the boarfish fishery off the west coast, which is relatively new but a lucrative species for the Irish industry.
Fishermen's representatives said that they were relatively pleased with the outcome and that the cuts were not as severe as feared.
The commission had proposed cutting the cod quota by over 50%. The outcome of the talks has led to a reduced cut of 25%.
The prawn quota was proposed to be reduced by 17%, but a 3% cut has been agreed.
A 50% cut on whiting was also proposed. However, the minister said that they had secured a 15% increase on whiting and haddock quotas.
A 10% increase for the mackerel quota has also been agreed.