for example the government of canada recently embarked on a policy of fisheries renewal with renewed objectives for the fisheries management system in the european union the objective of the common fisheries policy cfp is to provide for sustainable exploitation of living aquatic resources and of aquaculture in the context of sustainable development taking account of the environmental economic and social aspects in a balanced manner holden as in canada recent reform of the cfp also seeks to improve fisheries governance a common lament given unrealised objectives through enhanced stakeholder engagement