New France the 16th and early 17th centuries New France's economy was heavily centered on its Atlantic fisheries. This would change in the later half of the 17th and 18th centuries as French settlement penetrated further into the continental interior. Here French economic interests would shift and concentrate itself on the development of the North American fur trade. It would soon become the new staple good that would strengthen and drive New France's economy, in particular that of Montreal, for the next century. The trading post of Ville-Marie, established on the current island of Montreal, quickly became the economic hub for the
French Southern and Antarctic Lands and arrest poaching vessels. Such arrests can result in heavy fines and/or the seizure of the ship. France used to sell licenses to foreign fisheries to fish the Patagonian toothfish; because of overfishing, it is now restricted to a small number of fisheries from Réunion Island. The territory takes in revenues of about €16 million a year. The French Southern Territories (i.e. the TAAF excluding Adélie Land) have been given the following country codes: FS (FIPS) and (ISO 3166-1 alpha-2). French Southern and Antarctic Lands The French Southern and Antarctic Lands (, TAAF) is an overseas territory ( or )