Article: Fishing Rights Ceded to Seattle-Based Companies and Alaska Native Groups.

By Hal Bernton, The Seattle Times Knight Ridder/Tribune Business News

Nov. 19--Under legislation approved last week, Congress ceded rights to the nation's biggest-dollar seafood harvest to Bering Sea trawl-vessel operators and processors.

The legislation grants exclusive rights to the pollock harvest, which yields $700 million annually in processed products. The beneficiaries include Seattle-based fishing companies and Alaska Native groups. Japanese-owned processors also have a big stake in the harvest.

Though pollock is a public resource, a House-Senate conference committee awarded the rights without any requirements for royalty payments to ...

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