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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)