Federal government ends cod moratorium in Newfoundland after more than 30 years
ST. JOHN’S, N.L. — The federal government has ended the Newfoundland and Labrador cod moratorium, which gutted the province’s economy and transformed its small communities more than 30 years ago.
The Fisheries Department announced Wednesday it would re-establish a commercial cod fishery in the province, with a total allowable catch of 18,000 tonnes for the 2024 season.
“Ending the northern cod moratorium is a historic milestone for Newfoundlanders and Labradorians,” said federal Fisheries Minister Diane Lebouthillier in a news release. “It’s through working together that we have reached this moment. We will cautiously but optimistically build back this fishery with the prime beneficiaries being coastal and Indigenous communities throughout Newfoundland and Labrador.”
Ottawa announced the devastating cod moratorium on July 2, 1992. Cod stocks off the province’s northern and eastern coasts were collapsing, and the moratorium was introduced as a way to help them recover. Before then, the cod fishery was a primary economic driver in the province, and the moratorium put tens of thousands of people out of work.