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Icelandic Fisheries

Icelandic Fisheries. Einar K. Guðfinnsson Minister of Fisheries. The Icelandic Fisheries Management Act. General individual transferable quota system Small vessels ITQ Regional policy instruments. Regional policy instruments. 12 thousand tons for special purposes

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Icelandic Fisheries

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  1. Icelandic Fisheries Einar K. Guðfinnsson Minister of Fisheries

  2. The Icelandic Fisheries Management Act • General individual transferable quota system • Small vessels ITQ • Regional policy instruments

  3. Regional policy instruments • 12 thousand tons for special purposes • Less than 3% of the total quota allocations • Shock absorbers

  4. Regional policy instruments how does it work ? • Full transferability within the small vessels system • The small vessels can buy quotas from the big ones but not vice versa • The aim is to ensure viable fishing villages

  5. Catch from Icelandic fishing grounds since 1905

  6. The Icelandic Fishing Industry • Catches 1,7 – 2,1 million tons • 2% - 2,5% of the world’s catches of wild fish • Market value of seafood around 2 billion US dollars • Most important exporting industry in Iceland • 60% of merchandise exports • 40% of total exports of goods and services

  7. The main fishing nations in the world

  8. The worlds main fishing nations

  9. Icelandic fishing fleet 2004, catch and catch value

  10. Value of marine product exports 2004 by trading areas

  11. Export value 2004 and main cod markets

  12. IUU fishing • Illegal, unreported and unregulated • Good co-operation necessary • Use of port state responsibility

  13. Fighting IUU fishing • Made inconvenient and costly • Increased surveillance

  14. Fighting IUU fishing • Thousand letters send to potential buyers • Future interests of legitimate and respectable companies

  15. The Fisheries Competitiveness Index • Competitiveness of fishing industries between nations • Favorable business environment • Internal and external competition

  16. The basis Strong, forward-looking and responsible fishing sector

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