- 123 - 



potential annual catch would drop to 128 MT ^ worth an esti- 

 mated $70 thousand, less than Canada's 1978 harvest in the 

 U.S. zone. U.S. fish(?rmen, on the other hand, could poten- 

 tially increase their average annual harvest by about 32 

 thousand MT over 1978 levels. 



Thus, the United States would trade a potential annual 

 catch of 4.1 thousand MT of fish in the U.S. zone, worth an 

 estimated $4.2 million, for 15.5 thousand MT of Canadian 

 fish potentially worth $7.7 million. After the reciprocal 

 redfish and Loligo entitlements expire the potential annual 

 U.S. harvest of Canadian zone stocks is estimated at 7.95 

 thousand MT, valued at $4.9 million, while Canada would be 

 entitled to a potential annual catch of 128 MT in the U.S. 

 zone, worth about $70 thousand. 



Tra nsbou ndary stocks which range significantly into or 

 across the boundary region, comprise the largest portion of 

 the stocks aftecti^d by the Agreement--sl ightly over half the 

 total tonnage, and almost 60 percent of the value of the 

 potential annual long-tc;rm yield for all stocks. U.S. 

 fishermen would be entitled to about 68 percent of the long- 

 term potential transboundary stock harvest, or 424.5 thousand 

 MT annually. The potential value of that share, at 1978 

 prices is about $200.9 million a year or 61 percent of the 

 value of all transboundary stocks. As effective management 

 is introduced under the Agreement, the U.S. fleet could 



