Vll 



it may be desirable to modify the national percentage share 

 entitlements initially agreed between the Parties. The 

 Agreement recognizes this possibility and provides for 

 periodic adjustments at ten-year intervals within certain 

 maximum and minimum limits. In addition, the Agreement 

 recognizes the need for flexibility in other areas, parti- 

 cularly with respect to changes in the management cate- 

 gories of the stocks covered, additions or deletions of 

 stocks from the Annexes, variations in time limits and 

 other procedural aspects involved in adopting management 

 measures, and modifications in management strategy to 

 foster innovative approaches to managing these resources 

 and to allow the Parties to benefit from increased scienti- 

 fic knowledge of the fisheries. 



The proposed action represents some departure from 

 traditional bilateral fishery agreements with their limited 

 management goals and limited contributions to conservation. 

 It would establish a comprehensive system for conserving 

 a broad range of fishery resources. It would have the 

 flexibility necessary to evolve with increased scientific 

 knowledge and developing theories of management. Above 

 all, it would assure that pressure to maximize short term 

 uses of fishery resources will not be allowed to threaten 

 long term productivity. 



