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(e.g., sharks, sand lance). In either type of situtation 

 the Agreement simply requires that the granting Party give 

 consideration to a request by the other Party for an alloca- 

 tion. In short, it has the same practical effect as a 

 Governing International Fishery Agreement (GIFA) negotiated 

 pursuant to bection 201 of the FCWA. If U.S. fishermen 

 will be unable to harvest the entire U.S. entitlement to a 

 given Category A, B, or C stock, or the entire FCMA optimum 

 yield of a fishery not covered by the Agreement, the United 

 States may allocate the surplus portion among Canada and 

 foreign countries that have entered into GIFA's. The 

 Agreement ^^laces Canada on an equal footing with GIFA 

 countries insofar as eligibility for an allocation of surplus 

 is concerned. 



t. Fishing Within Twelve Miles of the Coast . With a 

 single exception, the Agreement requires that commercial 

 fishermen of one side, when inside the other side's fishery 

 zone, conduct their fishing seaward of twelve nautical miles 

 from the coast. The exception allows U.S. fishermen to fish 

 in the area between three and twelve nautical miles from 

 Grand Manan Island in the Canadian zone. 



g. Fishing by Vessels of Third Party Countries . Each 

 Party is authorized under the Agreement to permit fishing of 

 a portion of its entitlement by vessels of third party coun- 

 tries. However, such third party fishing may occur only in 



