Northern Cod Fisheries Improvement Project (FIP) Launched
On April 16, industry participants announced the creation of a Fisheries Improvement Project (FIP) for northern cod, formerly one of the world’s largest and most iconic fisheries.
Northern cod (NAFO area 2J3KL) has been under moratorium since 1992. Recent biomass indicators show significant improvement in stock biomass — though as yet below Blim — and positive stock indicators related to age profile, among others. Environmental conditions are also generally positive for the stock.