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
Collapse of the Atlantic northwest cod fishery Collapse of the Atlantic northwest cod fishery In 1992 the Canadian Federal Minister of Fisheries and Oceans, John Crosbie, declared a moratorium on the Northern Cod fishery, which for the preceding 500 years had largely shaped the lives and communities of Canada's eastern coast. Fishing societies interplay with the resources which they depend on: fisheries transform the ecosystem, which pushes the fishery and society to adapt. In the summer of 1992, when the Northern Cod biomass fell to 1% of earlier levels, Canada's federal government saw that this relationship had been pushed to the breaking point, and declared a moratorium,