Grimsby is strongly linked with the sea fishing industry, which once generated wealth for the town. At its peak in the 1950s, it was the largest and busiest fishing port in the world. As a result of the Cod Wars with Iceland, this industry has been in decline for many years. In 1970 around 400 trawlers were based in the port, by 2013 only 5 trawlers remain based there. By comparison, 15 vessels are used to maintain offshore wind farms in the North Sea. The town still has the largest fish market in the UK, but most of what is sold
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