Fisheries subsidy

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A fisheries subsidy is a government action that confers an advantage on consumers or extractors of fish in order to supplement their income or lower their cost.

Extent of fisheries subsidies[edit]

The estimates on the global amounts of fisheries subsidies vary and range from US$15–35 billion annually.[1] The range of estimates is partially due to fact that fisheries subsidies come in many shapes and forms. Fisheries subsidies include direct transfers of funds, income or price support measures, tax credits, exemptions and rebates, low-interest loans and guarantees, preferential treatment and use of regulatory support mechanisms. Not all estimates include government funding for fisheries management, such data collection and control and enforcement, or the possible absence of access fees.

Impact of subsidies[edit]

It is acknowledged that some forms of fisheries subsidies can threaten the sustainability of fisheries resources by encouraging overfishing/overcapacity and excess fishing effort, thus reducing the long-term viability of the fishing industry, while others are considered beneficial, promoting conservations and sustainable fisheries management.[2] States committed at the 2002 World Summit on Sustainable Development (WSSD) to eliminate subsidies that contribute to illegal, unregulated, and unreported (IUU) fishing and overcapacity.[3] Also, parties to the World Trade Organization agreed to strengthen disciplines on fisheries subsidies, including through a prohibition of certain forms of fisheries subsidies that contribute to overcapacity and overfishing.[4]

The United Nations' framework for Sustainable Development Goals includes targets to end subsidies that contribute to overfishing within Goal 14, Life Below Water.

See also[edit]

References[edit]

  1. ^ UNEP – United Nations Environmental Programme (2008) Fisheries Subsidies: A Critical Issue for Trade and Sustainable Development at the WTO: An Introductory Guide. UNEP, Geneva.
  2. ^ Adam, David. "Majority of global fishing subsidies ‘harmful’, report finds." https://chinadialogueocean.net/11585-majority-of-global-fishing-subsidies-harmful-report-finds/#:~:text=In%20the%20most%20up%2Dto,went%20towards%20increasing%20catch%20capacity. Retrieved 21 September 2020.
  3. ^ Johannesburg Plan of Implementation, paragraph 31(f).
  4. ^ WTO (2005) Hong Kong Ministerial Declaration, Annex D paragraph 9.

Further reading[edit]

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