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Friday, 11 October 2013

Better fish stock management could generates billions, says report

Sustainable management of the fish stock of the European Union (EU) could yield additional catch, bring extra revenue of €3.2 billion yearly and lead to the creation of 100,000 new jobs in the sector in Europe, according to the report ‘Unknown Waters’, by British think-tank ‘New Economics’.
New Economics says the additional revenue could be generated provided governments triple the amount spent on collecting data on fish stocks and enforce rules to ensure that the EU’s fish stocks recover enough to allow large-scale fishing.
On 23 October the European Parliament’s fisheries committee is set to vote on how to spend the €6.57 billion budget for the sector agreed by European ministers earlier this year. Currently, the European Maritime and Fisheries Fund spends €51.4 million to data collection and €49.3 million for control and enforcement annually, about 1.5% of the value of landings.
“Tripling this amount to €302 million annually would be a small investment given the additional gains in jobs and food supplies. For every €1 invested in data collection, control and enforcement, there is a potential return of €10,” the report says.
Roberto Ferrigno, a fisheries expert at environmental NGO WWF, agreed that supporting data collection control and enforcement would be a wise use of taxpayer money. “We need public money to support innovative fishing practices, so that we can manage fisheries sustainably and allow depleted stocks to recover.” He said
The Community Fisheries Control Agency estimates that about 6% of the vessels are infringing EU fishing regulations at any one time.

Source: Euractiv