History of the North Sea claimed no more than narrow coastal waters. In the last few decades things have changed. The countries bordering the North Sea all claim the twelve nautical miles (22 km) of territorial waters within which they have, for example, exclusive fishing rights. Iceland, however, as a result of the Cod Wars has exclusive fishing rights for from its coast, into parts of the North Sea. The Common Fisheries Policy of the EU exists to coordinate fishing rights and assist with disputes between EU states and the EU border state of Norway. After the discovery of mineral resources in the North Sea,
Cod other crises, and is still an important Norwegian fish trade. The Portuguese began fishing cod in the 15th century. Clipfish is widely enjoyed in Portugal. The Basques played an important role in the cod trade, and allegedly found the Canadian fishing banks before Columbus' discovery of America. The North American east coast developed in part due to the vast cod stocks. Many cities in the New England area are located near cod fishing grounds. The fish was so important to the history and development of Massachusetts, the state's House of Representatives hung a wood carving of a codfish, known as