Harte, Michael and Barton, John Balancing local ownership and control with foreign investment and foreign fishing interests: Transferable quota allocation in the Falkland Islands. UNSPECIFIED.
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In August 2005 the Falkland Islands Government passed legislation establishing a transferable rights based management regime for its fisheries resources. The regime is designed to encourage the ownership and control of Falkland Islands fisheries resources by Falkland Islander owned and controlled fishing interests. The allocation of transferable rights has to be sensitive to economic and social considerations specific to the Falkland Islands. These issues include Existing Falkland Islands investment in fisheries; the high degree of direct foreign investment in Falklands-based fishing enterprises; fiscal dependence on resource rentals paid by foreign vessels licensed to fish in Falkland waters; and community expectation regarding the economic contribution that the owners of valuable fishing rights make to the Islands. To balance local ownership and control with the need for direct foreign investment and the continued involvement of foreign fishing fleets in some fisheries a number of mechanisms are contained in the new legislation. These include Provisional quota; fully transferable quota; annual catch entitlements; registers of eligibility to own entitlements and quota; and tests of effective control, efficient use and active involvement in a fishery. Now established in law the challenge is to implement the new system efficiently, and to monitor whether the objectives and expectations are delivered as anticipated.
| Item Type: | Documents |
|---|---|
| Class Number: | 500.BAL001 |
| Keywords: | Foreign Fishing, ITQ, Quotas, Investments, Falkland Is., Fisheries Management, Fishing Vessels, Licence, FDI, SIDS, Seafood, Markets, Europe, Fisheries Legislation, GDP, Fisheries Policy, Fisheries Resources, Conservation |
| Subjects: | Right to Resources |
| Depositing User: | Chitti Babu ICSF |
| Date Deposited: | 15 Feb 2022 06:11 |
| Last Modified: | 15 Feb 2022 06:11 |
| URI: | http://icsfarchives.net/id/eprint/8898 |
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