The deal is expected to last for 16 years while research is carried out into the existing marine ecosystem. The moratorium was agreed by Canada, Russia, China, the US, the EU, Japan, Iceland, Denmark and South Korea. It covers an area of about 2.8m sq km (1m sq miles) - roughly the size of the Mediterranean Sea. No commercial fisheries exist in Arctic waters yet. "This is one of the rare times when a group of governments actually solved a problem before it happened," said David Balton, US ambassador for oceans and fisheries.
http://www.bbc.com/news/world-42205184
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