What's the catch?: Considering an EITI for fisheries
Wed, 7 Dec 2011 13:36 GMT
Lack of transparency in commercial fisheries has been a longstanding issue for those working to promotesmall-scale fishers' rights in developing countries. It is a feature of the management of fisheries that manybelieve has favoured short-term interests of industrial fishing firms from industrialized countries, whilecontributing to mismanagement, corruption and illegal fishing. It is also emerging as a consideration forseveral governmental organizations. In 2010, the African Union organized a ministerial meeting on fisheriesin Africa where transparency was highlighted as an important component of improving economic rents fromfisheries, which experts suggest could potentially be USD 2 billion per year for the continent. The World Bankhas also recently identified the issue of transparency in its lending and support for fisheries related projectsin developing countries, while the FAO has identified transparency as critical for combating illegal fishing.
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