Economy
The territory's natural resources are limited to fish and crustaceans; economic activity is limited to servicing meteorological and geophysical research stations and French and other fishing fleets.
The main fish resources are Patagonian toothfish and spiny lobster. Both are poached by foreign fleets; because of this, the French Navy and occasionally other services patrol the zone and arrest poaching vessels. Such arrests can result in heavy fines and/or the seizure of the ship.
France used to sell licences to fish the Patagonian toothfish to foreign fisheries; 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.
Read more about this topic: French Southern And Antarctic Lands
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)