- 127 



The or\lv species covered by the Agreement which has not been 

 fished traditionally bv Canadian fishermen is Loligo squid. 



Overal 1 Long-term Benefits 



Under the cooperative management framework provided by 

 th£! Agreement tht.'re is a potential lOc ef feet ive ly managii:j 

 and rebuilding the stocks in the long term, thereby substan- 

 tially incfeasing the coverall value of the total resource 

 to the benefit of both countries. Although both countries 

 will gain, as shown in figure 10, th^.- distribution of poten- 

 tial benefits under the Agreement appears to favor the 

 United States m the long term. 



The Agreement provides for two types of " transact ions"- 

 ficst, a trade of access to U.S fish cor access to Canadian 

 fish, and second, allocat i on of shares of the transboundary 

 stocks. The fish caught by each country i.n its own undis- 

 puted zone are not counted in the transaction in this analy- 

 sis, since they have not been available to the other side 

 since reciprocal fisheries were suspended in June 1978, 

 and are unlikely to be available in the future absent an 

 agreement. 



In the long term the United States would trade a 

 potential annual catch of 4.1 thousand MT potentially worth 

 $4.2 million, for 15.5 thousand MT of Canadian zone fish 

 potentially worth $7.7 million. 



