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:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)