UK exports £921m imports £775m FISH18 Aug 2018 15:42
The UK exports £921m of fish to the EU while importing £775m
The EU and UK need each other to manage fish
Tearing up treaties could be bad news for battered cod
Most commercial fish stocks are shared between UK waters and those of other EU or European coastal states. Some species spend different stages of their lives in different nations’ waters. This is true of cod. If Britain seeks exclusive fishing rights over adults of the species — which predominate in its waters — the temptation for other nations will be to catch them earlier in their life cycle. The net result would be to undo progress towards sustainable fishing.
Andy Lebrecht, a former director-general for food and farming at the Department for Environment, Food and Rural Affairs, argues that such a stand-off could also quickly affect trading terms. He points out Britain’s vulnerability to tariffs if EU nations retaliate against any unilateral UK action. Britain exported £921m of fish to the EU in 2015, whereas total imports were worth £775m.
It might be tempting to think we would be better on our own. But fish are a shared resource. For both economic and environmental reasons they require shared management. Going by precedent, any new agreements will be tortuous to negotiate and there is no guarantee that UK fishermen would end up better off, nor that the UK’s dwindling fish stocks will be better conserved if we go it alone.
https://www.ft.com/content/b4d70952-6321-11e7-8814-0ac7eb84e5f1