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temporary socio-economic dislocations. Without an Agreement 

 each country would be expected to act to minimize its own 

 losses, and the result could be a combined rate of harvest 

 higher than that which either side would individually 

 recommend. Socio-economic dislocation in the present may 

 thus be minimized, but only at the expense of future oppor- 

 tunities. If both countries instead mutually agree to a 

 rate of total harvest, both short-term impacts and long- 

 term economic benefits will be shared. As described m 

 detail in the following sections, the full potential of 

 the fishery resource is much more likely to be realized, 

 and overall socio-economic benefit to both Nations is 

 expected to be greater in the long-term with the Agreement 

 than without it. 



The proposed action would have both short-term and 

 long-term impacts on the human environment, some of which 

 can be quantified reliably while others cannot. For example, 

 in 1977, the last full year of reciprocal fishing, more 

 than 100 U.S. vessels reported operating all or part of the 

 year in the Canadian zone. Since June 1978 Canada has 

 excluded them. The proposed action would enable U.S. 

 vessels to resume operations in the Canadian zone to con- 

 tinue traditional fisheries. In 1980 the value of this 

 access to U.S. harvesters is estimated at $5.1 million. 



