Moving the Illex fishery into the ITQ system and improved catch verification requirements are among the recommendations made by an independent review of the Individual Transferable Quota (ITQ) system published by the Falkland Islands government, FIG, this week.
The Falkland Islands government will be setting a Grenadier licensed fishery on a test basis to assess the potential and evolution of the species. The decision was announced by the Falklands’ Executive Council after its latest monthly meeting and following the presentation of a paper with the proposition.
The Falkland Islands fishing industry is taking steps are to establish a licensed fishery for grenadier for an initial period of three years. In 2009 the option of converting the grenadier fishery from exploratory status to an ITQ fishery was considered, but not progressed.