Arctic Yearbook 2015 - Page 429

429 Arctic Yearbook 2015 while the Oslo Declaration repeats once again the Arctic Five’s position that there is “no need at present to establish” a new RFMO – as commercially viable fisheries are unlikely to materialize in the future – it also envisages a “broader process” involving other interested States (and entities) “to develop measures consistent with [the Oslo Declaration] that would include commitments by all interested States.” It is submitted that such measures would constitute an RFMA. The Nuuk Chairman’s Statement also envisaged this ‘broader process’ and even explicitly mentioned that “the final outcome coul