Trade Restrictions: Fishing Conservation and Management Act 1991

TRADE
RESTRICTIONS

 The Fishing conservation and Management Act
1991, of Australia looks after the conservation of
all the fisheries resources and sees that they are
being used in a sustainable way.
 Any illegal activities related to fishing in the
Australian fishing zone are strictly prohibited
under this act (Emery et al., 2017).
 This is done because the Australian fishing zone is
considered as the economic zone that is
exclusively available to the country. The act works
under the commonwealth umbrella.
Introduction

 The General agreements on tariff and trade
(GATT) are an international regulatory body.
 It was formed with the sole objective of
improving trade internationally by removing
and reducing tariff barriers (Bhagwati, 2017).

 The DSU is a body for resolution of disputes
that may arise between various countries in
relation to any consultations under the World
Trade Organization (Shaffer, Elsig and Puig,
2016).