The Promise of Transferable Fishing Concessions on EU Fisheries

Two of the primary issues of the next Common Fisheries Policy (CFP) reform are maximum sustainable yield (MSY) and transferable fishing concessions (TFCs). The European Commission set the goal of achieving MSY for all European fisheries by 2015. Besides, the European Commission agreed on implementing TFCs under some major principles including reserving a part of total quotas for small-scale fishermen in order to prevent the disappearance of small-scale fishing communities in coastal regions. The interrelation between these two objectives should be well understood. In this study, the impact of fishing on total biomass is analyzed under an age-structured model. Following that, the potential effects of TFCs on the achievement process of the goal of MSY harvesting conditions are explained. This paper shows that the implementation of TFCs, under the major principles defined by the European Commission, has an impact on both the total biomass growth and the time to reach the goal of MSY. The paper concludes that the level of reserved quotas for small scale fishermen does matter since reserving more quotas for small-scale fishermen reduces the time needed to achieve MSY.

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Conference Paper/ Presentation
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JEL Codes:
D04; D47; D78; Q22

 Record created 2017-04-01, last modified 2017-08-27

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