Canada and France have finalized an agreement permitting fishers from the French territory of St-Pierre-Miquelon to catch three per cent of Canada's annual Atlantic halibut quota. Negotiated since 2016, the deal aims to sustain halibut stocks and bolster both economies. French fishers can operate in French waters and the high seas but not in Canadian waters. The agreement also fosters scientific collaboration on halibut research and allows French landings in Canadian ports, benefiting local communities. Announced by Fisheries Minister Diane Lebouthillie, Canadian Atlantic halibut landings were valued at $70 million in 2022.