Economic Impact
"There have been many closures to fisheries in many parts of the world including the Atlantic Canadian Cod Fishery in the 1990s. Sustainable fishing ensures that people’s livelihoods are protected and the fishing business is sustained. Over fishing does not guarantee that, and soon, big investments will go to waste and people will be out of work." (Eschooltoday).
According to research, over fishing costs over 100 000 jobs and about $3.2 billion each year. The research also found that if 43 fish stocks were allowed time to reproduce and return, the fishing industry would have about 3.5 million additional tonnes of product.
A report was made and it stated: "Over fishing is the single most destructive force in the marine environment." (Greenchipstocks).
This problem is not only taking away a source of food, but costing billions of dollars.
(eco-business.com)
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