Fish Stocks And Our Balance Of Payments

Our balance of payments is overly burdened by our consumption of seafood: We import approximately 90% of the seafood that we eat. Given our natural resources, we should be net exporters of seafood. The total value of edible and non-edible fishery imports in the United States was $35.8 billion in 2016. The total value of edible and non-edible exports was $21.3 billion. The imbalance does not imply only a shipment of dollars abroad. It also implies a number of jobs exported, a number of jobs that could be created in this country, were we not to import that much more seafood than we export.,,, The reason for the imbalance in our accounts with other nations is not due to lack of fish in our waters. Not to put too fine a point on it, the imbalance is due to rules and regulations imposed by our National Marine Fisheries Service (NMFS) that prevent our fishermen from catching fish. click here to read the article by Carmine Gorga 09:21