The Korea-Japan Private Fisheries Council met to discuss the declining squid resources in Northeast Asian waters and agreed to work with fishermen's groups and experts on evaluation and recovery plans. An agreement was reached to focus on information sharing and specific implementation plans to protect squid stocks through the private squid fishing industry council of both countries. Additionally, there was an emphasis on the need to resume the exclusive economic zone (EEZ) trade agreement and to encourage further private level cooperation between Korea and Japan.