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Economic viability of marine capture fisheries. Findings of a global study and an interregional workshop.

Year of publication 1999

Pages 142

Author Le Ry, J.-M.; Prado,J.; Tietze, U.;Fisheries and Aquaculture Management Division

Product type Book (series)

Category Technical study

ISBN 9251042454

Series title FAO Fisheries Technical Paper

Series number 0429-9345 - T377

Edition 1

Synopsis (short abstract) Between 1995 and 1997, FAO in cooperation with fisheries research institutions and administrations in selected countries in Asia, Africa, Latin America and Europe, carried out studies on the economic and financial viability of the most common fishing craft and gear combinations. Information on the level of exploitation of fisheries resources as well as government policies on fisheries management, financial services, etc., was also collected. The countries covered by the studies include Peru, A rgentina, Senegal, Ghana, China, Republic of Korea, Taiwan Province of China, Indonesia, Malaysia, Thailand, India, France, Spain and Germany. Together, they accounted for about 48 per cent of the total marine capture fisheries production in South America, Europe, Africa and Asia which again accounted for 84 per cent of the global marine capture fisheries production in 1995. The findings of the studies were presented and discussed at an interregional workshop which was held in Kuala Lumpur, Ma laysia, from 15 to 18 December 1997. They suggest that - in spite of fully and sometimes over-exploited fisheries resources - in most cases, marine capture fisheries is an economically and financially viable undertaking which generates sufficient revenue to cover the cost of depreciation as well as the opportunity cost of capital to generate funds for reinvestment in addition to employment, income and foreign exchange earnings. With a view to safeguarding the economic performance of the fishin g industry and with it the employment and income that is generated by the fishery industry, the workshop considered it pertinent that countries put in place, in close cooperation with fishers and fishing industry associations, efficient measures to limit fishing effort, preserve and rehabilitate coastal areas and aquatic resources and make special efforts to protect small-scale fisheries sectors. It was observed that only few countries had already introduced these measures. As far as the role of subsidies is concerned the information which could be collected was limited. However, it was observed that the number of subsidies in developing countries has recently been greatly reduced. Presently, subsidies were only available in some cases for offshore fishing, artisanal fisheries and fisheries cooperatives and for fishing operations in remote and underdeveloped areas. These subsidies were mainly available in the form of capital subsidies and reduced duty on fuel, and even these were in the process of being further reduced. It was also noted that in comparison to developing countries, more subsidies for fisheries sector were available in the EC, e.g., capital subsidies, reduced tax on fuel, compensation for non-fishing days, minimum prices for catch, etc. The interregional workshop observed that the scope and duration of the studies were limited and participants agreed to expand the monitoring of the economic performance of their fishing industries.

Cite this content as:

Lery, J.-M.; Prado, J.; Tietze, U.Economic viability of marine capture fisheries. Findings of a global study and an interregional workshop.FAO Fisheries Technical Paper. No. 377. Rome, FAO. 1999. 130p.

Language English

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