Cod Wars 30,000 tons. While Iceland came closest to withdrawing from NATO and expelling US forces in the Second Cod War, Iceland actually took the most serious action in all of the Cod Wars in the Third Cod War by ending diplomatic relations with the United Kingdom on 19 February 1976. Although Icelandic government was firmly pro-Western, the government linked Iceland's NATO membership with the outcomes of the fishery dispute. If a favorable outcome could not be reached, Iceland implied that it would withdraw from NATO. However, the government never explicitly linked the US Defence Agreement to the outcome of the dispute.
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