 The new legislation amends the scope of the sustainability of hydro-biological resources and access to industrial and artisanal fishing, as well as regulating the investigation and oversight of the industry.It creates 20-year renewable contracts to not only Chilean industrial fisheries but also to foreign companies, primarily from northern Europe and Asia Minor.The main argument used by Minister Longueira to defend the legislation was that it was going to “promote the sustainability of fishing resources,” but, upon examination, this is not the case.