fishermen use fishing pots and traps) for easy and rapid harvest, will soon be lost when fishery resources are depleted.
The decline of fish stock in U.S. waters and globally are a direct result of overfishing which has dramatic economic impacts. Cod stocks in Newfoundland, Canada serve as a stark reminder of such immediate yet everlasting effects. In 1990, 110,000 people were employed in the fishing and fish processing industry. But in 1992, the cod fishery collapsed and 40,000
jobs were lost.107
To date, the cod fishery has
not yet recovered and research suggests the ecosystem has changed substantially, meaning that the cod may never return.
Take also into consideration the California salmon fishery closure, which came as a result of decades of environmental degradation. According to State official estimates, the fishery closure led to an economic loss of $279 million
in 2009 alone.108
Clearly, the economic impacts
of fish resource depletion are much greater than
Concentrating fish populations for easy and rapid harvest greatly contributes to overfishing, and is counter productive to the Magnuson Stevens Act’s mandate to end overfishing in U.S. waters. Image Source: NOAA
http://www.sundancechannel.com/sunfiltered/2009/12/federal- agencies-issue-plan-to-ease-water-crisis-in-californias-bay- delta/
BASEL ACTION NETWORK
the potential short-term economic boost to regional economies from enhanced fishing opportunities.
The U.S. currently imports 60% of its seafood, resulting in a trade deficit of more than $7 billion annually, second only to oil among
natural products being imported.109
working to end overfishing in U.S. waters, as required by the Magnuson Stevens Act through
opportunities are counterproductive to the Act’s goals and have not been scientifically justified to increase fishery resources, but have rather been documented to exploit resources by providing concentrated populations leading to the inevitable ecological and economic collapse of such fisheries.