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The WECAFC was established in 1973 by Resolution 4/61 of the FAO Council under Article VI of the FAO Constitution. Its statutes were amended by the FAO Council at its Seventy-fourth Session in December 1978 and by the Hundred and Thirty-first Session of the FAO Council in November 2006.

The area of competence is the Western Central Atlantic, it includes FAO Statistical Area 31 and the northern part of Statistical Area 41.

The species under the WECAFC competence are all living marine resources, without prejudice to the management responsibilities and authority of other competent fisheries and other living marine resources management organizations or arrangements in the area