Governance of the South Pacific tuna fishery
|Collections||Pacific Economic Bulletin (1991-2010)|
|Title: ||Governance of the South Pacific tuna fishery|
|Author(s): ||Petersen, Elizabeth|
|Date published: ||2001|
|Publisher: ||Asia Pacific Press|
The South Pacific tuna fishery is the largest and most valuable tuna fishery worldwide. There are two major concerns with current governance of the fishery: the Pacific island countries are not deriving as much benefit from its exploitation as they could; and current management strategies will not ensure long-term sustainability of the resource. These concerns are addressed by highlighting key opportunities for sustainable economic development. These opportunities include regional cooperation in determining a total allowable catch for the region and how it is allocated among individual island states; setting the total allowable catch on the grounds of sustainability and maximisation of economic rents; and the auctioning of entitlements among individual fishers. Concerns regarding fishery policy in many Pacific island countries are also presented with suggestions for policy reform.
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