Cod Wars but that Britain would have fishing rights in allocated zones and under certain seasons in the outer for three years. The Icelandic Althing approved the agreement on 11 March 1961. The deal was very similar to one that Iceland had offered in the weeks and days leading up to its unilateral extension in 1958. As part of the agreement, it was stipulated that any future disagreement between Iceland and Britain in the matter of fishery zones would be sent to the International Court of Justice, in the Hague. The Second Cod War between the United Kingdom and Iceland lasted from
Atlantic cod for one year the planned 82% reduction in catch limits. Instead, the limit was reduced by 22%. The fishery brought in $15.8 million in 2010, coming second behind Georges Bank haddock among the region's 20 regulated bottom-dwelling groundfish. Data released in 2011 indicated that even closing the fishery would not allow populations to rebound by 2014 to levels required under federal law. Restrictions on cod effectively limit fishing on other groundfish species with which the cod swim, such as flounder and haddock. Cod populations or stocks can differ significantly both in appearance and biology. For instance, the cod stocks of