U.S. Fisheries Management and Foreign Trade Linkages: Policy Implications for Groundfish Fisheries in the North Pacific EEZ

The groundfish resources of the U.S. Exclusive Economic Zone (EEZ) off Alaska, dominated by Alaska or walleye pollock, Theragra chalcogramma, Pacific cod, Gadus macrocephalus, and flatfishes, Pleuronectidae, can sustain annual commercial harvests well in excess of 2 million metric tons (t). As recently as 1979, foreign fisheries took 99 percent of the annual harvest supported by these resources. This has changed dramatically during the 1980's. The foreign fisheries have received rapidly decreasing allocations, first as joint venture fisheries expanded and, more recently, as the domestic fisheries have grown. Joint venture fisheries are fisheries in which domestic fishing vessels deliver their catch directly to foreign processing vessels in the EEZ. By 1986, the joint venture and domestic fisheries accounted for 66 percent and 8 percent, respectively, of the annual harvest. The preliminary corresponding figures for 1987 are 78 and 18 percent.

Toward a Rational Seafood Trade Policy

With a record trade deficit of almost $146 billion in 1986, and continued high deficits in 1987, there is growing concern about how continued deficits will affect the U. S. economy. Because fishery products had a record $6.3 billion deficit in 1986, the U.S. National Marine Fisheries Service (NMFS) has made the reduction of the fisheries trade deficit one of its top priorities. A recent NMFS trade objective was to "increase exports and domestic consumption of U.S. fishery products" which would lead to a reduction in the trade deficit. In this paper we explore this policy in terms of practicality and desirability.