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===Fishing=== [[File:Honningsvåg 2013 06 09 3495 (10319135545).jpg|thumb|[[Honningsvåg]] is the most northerly fishing village in Norway]] The Barents Sea contains the world's largest remaining cod population,<ref name="WWF1">{{cite web | title = The Barents Sea Cod – the last of the large cod stocks | publisher = [[World Wildlife Foundation]] | url = http://wwf.panda.org/about_our_earth/all_publications/?12982/The-Barents-Sea-Cod-the-last-of-the-large-cod-stocks| access-date = 4 July 2014}}</ref> as well as important stocks of haddock and capelin. Fishing is managed jointly by Russia and Norway in the form of the [[Joint Norwegian–Russian Fisheries Commission]], established in 1976, in an attempt to keep track of how many fish are leaving the ecosystem due to fishing.<ref>{{cite web|url=http://www.fni.no/projects/norwegian_russian_fisheries_commission.html|title=The History of the Joint Norwegian-Russian Fisheries Commission|access-date=2014-07-07|archive-date=2014-07-14|archive-url=https://web.archive.org/web/20140714161027/http://www.fni.no/projects/norwegian_russian_fisheries_commission.html|url-status=dead}}</ref> The Joint Norwegian-Russian Fisheries Commission sets Total Allowable Catches (TACs) for multiple species throughout their migratory tracks. Through the Commission, Norway and Russia also exchange fishing quotas and catch statistics to ensure the TACs are not being violated. However there are problems with reporting under this system, and researchers believe that they do not have accurate data for the effects of fishing on the Barents Sea ecosystem. Cod is one of the major catches. A large portion of catches are not reported when the fishing boats land, to account for profits that are being lost to high taxes and fees. Since many fishermen do not strictly follow the TACs and rules set forth by the Commission, the amount of fish being extracted annually from the Barents Sea is underestimated.
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