11/17/2014 10:32 EST | Updated 01/17/2015 05:59 EST

P.E.I.'s lucrative lobster fishery earns sustainable certification

CHARLOTTETOWN - Prince Edward Island is looking to grow its lucrative lobster fishery now that it's been certified as sustainable by an international organization.

The provincial government says the certification from the Marine Stewardship Council is the result of fishermen, processors and First Nations in P.E.I. working together.

The government says the certification will help open up new markets for Island lobster.

The council says three main criteria were examined as part of the independent assessment process, including the status of the fish stock, the impact of the fishery on the marine ecosystem and the fishery's management system.

The P.E.I. government says the lobster fishery generates more than $200 million for the province's economy each year.

It says fishermen landed more than 28 million pounds of lobster last year, which was an all-time high.