They decided that to overcome the key issues and challenges facing the industry required innovative approaches to structural problems in the lobster fishery and the identification of strategic niche opportunities for the industry. [...] The key objective of the Lobster Summit was the development of approaches to maximize the value of the resource for all participants of the Atlantic Lobster fishery. [...] Highlights North American lobster industry is vital to communities in Canada and the U. S. It forms the basis of a $1.5 billion industry in North America (CAN$), and ranks as one of the most important species in the Atlantic fisheries in Canada and the U. S. Canada. [...] The future of the industry relies heavily on the protection of the resource. [...] The marketing of the species needs to improve in order to increase the value of the product.
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