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The following objectives, stated below in order of priority, should guide Atlantic fisheries policy: 1)The Atlantic fishing industry should be economically viable on an ongoing basis, where to be viable implies an ability to survive downturns with only a normal business failure rate and without government assistance. 2)Employment in the Atlantic fishing industry should be maximized subject to the constraints that those employed receive a reasonable income as a result of fishery-related activities, including fishery-related income transfer payments. 3)Fish within the 200-mile Canadian zone should be harvested and processed by Canadians in firms owned by Canadians wherever this is consistant with Objectives 1 and 2 and with Canada's international treaty obligations.
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The Task Force has attempted to describe the Atlantic fishery, to set out its problems, and to recommend ways to break the cycle of overdependence, excessive pressure on a finite resource, and overcapacity in both harvesting and processing, which ultimately results in chronically low and unstable incomes. This volume provides the narrative summarizing the examination, analyses and findings and setting out recommendations. The technical basis of the work is set out in summary form in the annex, and background papers are to be published separately.