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certain even, which design of trawl nets would be best to catch this species. 

 A large foreign market exists, but answers to the questions outlined above, 

 and also efficient processing lines for squid would be necessary. These 

 questions ought to be studied in some detail. 



Initially one might suggest that it would be better if U.S. vessels 

 fished for squid and unloaded the catch into a foreign factory vessel, as 

 an alternative to allocating the bulk of the squid resource to foreign fish- 

 ing vessels. Processing onboard foreign factory ships would reduce the cost 

 of processing .and also eliminate most of the import duty in the flag country. 

 Spanish importers are very interested in such arrangements. 



An alternative approach which deserves careful study is the feasibility 

 of creating U.S. "freeports." A Spanish processing ship could be anchored in 

 such a port to receive landings by U.S. vessels Clandings by foreign vessels 

 are prohibited by U.S. law). This might be necessary if offloading at sea is 

 not practical. Since the processed squid would be Spanish produced, owned, 

 and brought to Spain by Spanish vessels they would presumably be exempt from 

 most of the above tariff. An advantage of such schemes is that they would 

 result in accumulation of information about technologies, cost structures 

 and markets under economic conditions more favorable than those which now 

 exist. This example nicely illustrates the futility of "grab-bag" approaches 

 to data collection for fisheries development or for technology transfers, 

 (ii) Herring 



The Georges Bank herring stock under proper management might be 

 expected to yield about 120 thousand metric tons annually. In the past the 

 U.S. did not utilize this resource. With the deterioration of the Scando- 

 Icelandic herring stock and North Sea herring stock the European market, 

 particularly Germany, became attractive to U.S. exporters. However, due 



