The island nations want the U.S. to reduce the number of days its boats fish each year and lower quotas by 20-30%.
We started setting lower quotas in 1996.
Others, like Libya or Kuwait, have indicated they are ready to cut production to comply with lower quotas.
It had the effect of giving low quotas to Eastern and Southern Europe.
Chinese officials and exporters defended the surge as natural after the lifting of unnaturally low quotas.
But Chinese trade officials and exporters said the surge in exports was natural once low quotas were lifted.
If so, why does Britain have lower quotas in the waters around our shores than some other countries from further afield?
If we had a policy of maintaining proper prices, then lower quotas would be much more acceptable in the fishing regions.
The low quotas announced last December had brought criticism from United States sugar users.
The Saudis were alarmed that a lower quota might push prices up too fast, slowing world growth and the long-term demand for oil.