Villasante, Sebastian and Sumaila, U. Rashid and Rocha, Jose Maria Da and Carvalho, Natacha and Skerritt, Daniel J. and Schuhbauer, Anna and Montemayor, Andrés M. Cisneros and Bennett, Nathan J. and Hanich, Quentin and Prellezo, Raul (2022) Strengthening European Union fisheries by removing harmful subsidies. Marine Policy, 136.
Full text not available from this repository. (Request a copy)Abstract
Harmful fisheries subsidies have historically contributed to fleet overcapacity and continue to be allocated to the fishing industry to artificially maintain its profitability. However, in this contribution we show that removing harmful subsidies and reducing overfishing will help to recover the resource biomass, subsequently leading to increased levels of sustainable catches, income and well-being of fishers, and reduces inequities in income and consumption when fish stocks are not effectively managed. Maintaining harmful fisheries subsidies is socially and economically inefficient. Taking the example of the EU fishing fleet, one of the largest fishing fleets in the world, we use the total factor productivity to show that small-scale fishing fleet's productivity is almost two-fold in the North Atlantic and 16% higher in the Mediterranean and Black seas compared to large-scale vessels. This result is explained because the harmful fisheries subsidies disproportionately allocated to large-scale vessels introduce distortions in the efficient allocation of inputs. With critical WTO negotiations ongoing regarding the global rules on fisheries subsidies, the EU must take advantage of the opportunity to lead a desirable transformative change while also supporting developing nations to truly achieve global sustainable and equitable fisheries.
| Item Type: | Articles |
|---|---|
| Keywords: | Fisheries Subsidies, Fish Stocks, Fishing Fleet, Fishing Industry, Biomass, Small-scale Fisheries, Sustainable Fisheries, World Trade Organization, European Union |
| Subjects: | Right to Resources |
| Depositing User: | Kokila ICSF Krish |
| Date Deposited: | 01 Mar 2025 11:51 |
| Last Modified: | 01 Mar 2025 11:51 |
| URI: | http://icsfarchives.net/id/eprint/21298 |
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