Fishing Subsidies Nowadays Overview

Fishing subsidies continue to increase, and as of 2009, the figure had reached US$35 billion. The number represents about thirty per cent to forty per cent of the land values that are produced by marine fisheries all over the world (Sumaila, 2015). The existing literature shows that there are three broad groups of subsidies. First, there is capacity-enhancing subsidies. This one involves fuel and construction which promote overexploitation of species of fish (Sumaila, 2015).

Then there are the additional subsidies that are referred to as ambiguous, they include those relating to rural fisher development and vessel buy-back programs. Scholars argue that these subsidies can either undermine or promote the sustainability and availability of fish depending on how they will be rolled out and designed. Lastly, there are subsidies intended for research and management (Sumaila, 2015). These types are regarded as satisfactory subsidies since they confer positive impacts on people’s inherent efforts to manage the resources in the fishing industry for the good of all generations.

Schrank & Wijkström (2003) use different criteria when categorizing fishery subsidies, which differs from the one used earlier. The first category involves direct payments made by the government to the fishing industry, which include but is not limited to equity infusions, compensation for closed seasons, vessel decommissioning payments as well as price support programs.

Second, there are deferrals and tax waivers which include exemptions of tax fuels used for fishing. Schrank, & Wijkström, (2003) believe that if there is the exception of sales tax linked to inputs, especially those used in the fishing industry, such exceptions offer general support for the industry. Government insurance, loan and guarantees are provided by the government to make fishing firms and fishers able to operate when it would otherwise not be possible to do so.

In addition, the government offer fishers insurance since other private insurers consider them highly uncertain as the industry has considerable risk.

Lastly, they point out that the implicit payments to, or charges made against the fishing industry as the other categorization that FAO recognizes concerning fishing subsidies (Pramod et al., 2014). The subsidies groups under this category involve programs that fail to transfer, waive or defer payments that are often generated by the industry and geared towards the government. Such programs include but are not limited

Aquaculture, EEZ, Restriction for implementation to those aimed at reducing prices the industry pays the government for products that fail to meet the market prices, as well as programs that may not include the government payment at all.

Schrank & Wijkström (2003) argue that FAO considers all these programs good for the fishing industry. According to scholars, FAO acknowledges that there are bad subsidies. In addition, the organization also notes a number of these regulations which include but are not limited to fisheries regulations require excluder tool and other safety and environmental regulations. The problem with fishing subsidiaries is that they are not good for the industry for the long term.

Patrick, & Benaka, (2013) argue that the unhindered effect of subventions on fish as part of natural resources is dependent on the overall health exhibited by the stock as well as the fortitude of the management put involved. In particular, fisheries and their corresponding management are rarely operative, and there is overwhelming evidence to show that subsidies by themselves alone can compromise efforts put in place to manage stocks sustainability.

Balsas (2019) has shown that such subsidies not only disorganize the market but also often negatively affect fishers that receive fairly fewer subsidiaries. It is worth noting that most subsidiaries tend to be taken up large-scale corporate size fishers belonging to developed nations as opposed to those in developing countries.

Concerning commercial fishing, the enterprises appear to be driven by profit, which implies that an increase in profit increases fishing. The problem, according to Baden, & Bianconi, is that this stimulation of profit increases a certain kind of race for fish in the industry. This harms the population of fish which need to be maintained for future generations.

Even though certain players within the fishing industry have blamed regulations put in place by the World Trade Organization for the current overfishing taking place in Massachusetts, FAO does not subscribe to this idea.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Thank youuuu
Customer 452729, May 30th, 2021
Criminal Justice
This has been the greatest help while I am recovering from an illness. Thank your team so much.
Customer 452671, May 2nd, 2021
Criminal Justice
The paper was not accused of plagiarism and was written very well. I will let you know the grade once it is graded. Thank you
Customer 452671, April 26th, 2021
excellent job made a 93
Customer 452773, March 22nd, 2023
Leadership Studies
excellent job
Customer 452773, July 28th, 2023
ACC/543: Managerial Accounting & Legal Aspects Of Business
Customer 452773, January 10th, 2024
thank you so much
Customer 452749, June 10th, 2021
Human Resources Management (HRM)
Customer 452773, June 25th, 2023
Business and administrative studies
Excellent work ,always done early
Customer 452773, February 21st, 2023
10th grade English
very good
Customer 452773, March 26th, 2023
Human Resources Management (HRM)
excellent job
Customer 452773, June 25th, 2023
Social Work and Human Services
Great work I would love to continue working with this writer thought out the 11 week course.
Customer 452667, May 30th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp