The recent trade ruling has been described by both union and corporate spokesmen as a disaster for the fishing industry in British Columbia. Long time fish companies, such as Ocean Fish and Seafood Products Ltd. have said they will face closure and will consider moving operations to the United States. The figure of 4,000 to 5,000 jobs lost has been quoted extensively from industry sources. The ruling was made by a panel of an organization known as the General Agreement on Tariffs and Trade. The ruling says simply that regulations limiting the export of raw sockeye and pink salmon and roe herring should be removed. These regulations, placed on the three species shortly after the turn of the century, were aimed at ensuring an employment base in Canada and the conservation of the stocks. In effect, the regulations meant that before being exported the fish had to pass through a Canadian plant for initial processing. In some cases this has meant the fish was canned and in others it simply meant that it was frozen, graded and boxed up for shipment. For fishermen, the ruling will not bring the massive increases in prices which some believe. U.S. and Japanese fish buyers will not pay substantially more for fish than their Canadian counterparts.