International Relations
Fishing rights to fisheries outside the EU were lost when international boundaries were expanded in 1976. The EU has negotiated agreements to recover some of these fishing grounds in return for alternative trading rights with the EU. External trade is now affected by the General Agreement on Tariffs and Trade (GATT), regulated by the World Trade Organisation (WTO).
Read more about this topic: Common Fisheries Policy
Famous quotes related to international relations:
“The more dubious and uncertain an instrument violence has become in international relations, the more it has gained in reputation and appeal in domestic affairs, specifically in the matter of revolution.”
—Hannah Arendt (1906–1975)