Fleetwood and as transport became more efficient, more overnight visitors became day visitors. The Hillhouse plant was heavily cut back, and was finally closed in 1999. Most serious, however, was the collapse of the fishing industry, which was largely destroyed in the late 1960s and early 1970s by the Cod Wars, a dispute over fishing rights between Iceland and the UK. As Fleetwood's trawlers mainly fished the North Atlantic in search of cod, the loss of the fishing grounds hit the town hard. The last deep sea trawler left the town in 1982 and now only inshore fishing boats fish out
Cod fishing in Newfoundland that the fisheries were returning to their original abundance, just more slowly than had been anticipated. The "Comprehensive Economic and Trade Agreement" (CETA) between Canada and the European Union is a Free Trade Agreement which is still under negotiation as of May 2015. The provincial government has argued that the Federal government of Canada in Ottawa reneged on a deal to pay $280 million in exchange for its relinquishment of minimum processing requirements as part of CETA. Those rules helped protect jobs in fish plants, especially in rural areas hit hard by the cod moratorium since 1992. Cod fishing in