The announcement by the Falkland Islands Executive Council referred to ITQ fees, particularly toothfish and calamari, which would represent an annual £3.9 million additional income for government coffers, was contrasted by a release from the Falklands' seafood sector pointing out that “to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 million per annum”
The decision of the recent meeting of Executive Council attended by MLA Elsby, Bragger and Edwards, to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 Million per annum. The hike is targeted at the Loligo and toothfish quota holders.
At the 15 November informal meeting of the Negotiating Group on Rules, heads of WTO member delegations discussed the status of the fisheries subsidies negotiations. Members noted difficulties in concluding negotiations by the end of the year and committed to intensifying their discussions to curb harmful fisheries subsidies.
North Korean state media published detailed reports on Tuesday of a visit by leader Kim Jong Un to two fisheries, underscoring his drive to build economic independence as negotiations with the United States to lift punishing sanctions soured.
The fate of big-eye tuna, over-fished and in decline, could be decided this week when fishing nations meet to set quotas after failing last year to agree on safeguard measures for the valuable food resource. Scientists warn that unless the catch is reduced, stocks of Thunnus obesus - prized for sashimi in Japan and canned worldwide - could collapse within years.
Ahead of the Falkland Islands Government Executive Committee decision recently setting out new criteria for Individual Transferable Quota (ITQ) extensions from 2021 to 2046 Beauchene Fishing Co Ltd and Copemar S.A signed a new Joint Venture agreement to commence from 2021.
A major review of the Falkland Island fisheries establishes a strong foundation, building on what has already been achieved. Executive Council (ExCo) has adopted a number of recommendations from a review carried out in 2018 by New Zealand consultants Terra Moana, of the Falkland Islands’ Individual Transferable Quota (ITQ) system.
Various investments in ocean sustainability will raise the amount of fish to feed the poor, helping drive progress towards the eradication of hunger which is the lynchpin for achieving the other Sustainable Development Goals, FAO Director-General Qu Dongyu said in a speech.
Forty-eight states have signed a public declaration to indicate their determination to ratify the 2012 Cape Town Agreement on fishing vessel safety at a Ministerial Conference held in Torremolinos, Spain, this week.
Falkland Islands' catches for calamari squid and hake have risen substantially over five years. Statistics were outlined at Legislative Assembly on Thursday.