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The Atlantic fishery abruptly collapsed in 1993, following overfishing since the late-1950s, and an earlier partial collapse in the 1970s. [1] It is expected to recover to historical, sustainable levels by 2030. [2] In 1992, Northern Cod populations fell to 1% of historical levels, due in large part to decades of overfishing. [3]
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The 2006 Northwest Atlantic cod quota is set at 23,000 tons, representing half the available stocks, while it is set to 473,000 tons for the Northeast Atlantic cod. The Pacific Cod is currently suffering due to a strong global demand. The 2006 TAC for the Gulf of Alaska and Bering Sea Aleutian Islands was set at 260,000,000 kg (574 million pounds).
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Cod fishing on the Newfoundland Banks. Cod fishing in Newfoundland was carried out at a subsistence level for centuries, but large scale fishing began shortly after the European arrival in the North American continent in 1492, with the waters being found to be preternaturally plentiful, and ended after intense overfishing with the collapse of the fisheries in 1992.
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ICNAF's primary goal was to address overfishing in the Northwest Atlantic and establish coordinated conservation and management efforts for fish stocks. [7] By the late 1970s it was becoming increasingly difficult for the ICNAF to make any substantial changes due to the limitations on the ICNAF, and in turn this helped lead to the formation of ...