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:
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—Ralph Waldo Emerson (1803–1882)
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—Ralph Waldo Emerson (1803–1882)