Fishing in Chile it was going to “promote the sustainability of fishing resources,” but, upon examination, this is not the case. “The government’s motive is to reinforce the economic model in place; there is a political interest in making fishery resources belong to someone,” says Cosme Caracciolo, an artisanal fisherman and a member of the National Council for the Defense of Artisanal Fishing (CONDEPP). “Under this fisheries law, 20-year renewable concessions have been awarded, creating ownership over fish that have not yet been born. It’s absurd! It’s applying capitalism to living resources”. “They now want to increase the quota for jack mackerel, which
Individual fishing quota tends to cause considerable economic harm to coastal communities that are dependent on commercial fisheries. Although IFQ management systems are designed to enhance the economic performance of the fishing industry, this usually comes at the cost of coastal communities whose economies rely principally on their fishing fleet. This cost results from the re-equilibration of the quota-regime market, revealing the inefficient over-investment that had taken place in the industry prior to implementation of the quota regime. Individual fishing quota Individual fishing quotas (IFQs) also known as "individual transferable quotas" (ITQs) are one kind of "catch share", a means by which many