The South Pacific tuna fishery is the largest and most valuable tuna fishery worldwide. There are two major concerns with current governance of the fishery: the Pacific island countries are not deriving as much benefit from its exploitation as they could; and current management strategies will not ensure long-term sustainability of the resource. These concerns are addressed by highlighting key opportunities for sustainable economic development. These opportunities include regional cooperation in determining a total allowable catch for the region and how it is allocated among individual island states; setting the total allowable catch on the grounds of sustainability and maximisation of economic rents; and the auctioning of entitlements among individual fishers. Concerns regarding fishery policy in many Pacific island countries are also presented with suggestions for policy reform.
|Pacific Economic Bulletin
|Published - 2001