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Subsidies in world fisheries : a re-examination, Volume 1
 
Author:Milazzo, Matteo; Country:United States; Norway; Japan; Russian Federation; China;
Date Stored:2002/10/22Document Date:1998/04/30
Document Type:PublicationSubTopics:Environmental Economics & Policies; Coastal and Marine Resources; Agricultural Research; Fishing Industry; Agricultural Knowledge and Information Systems
ISBN:ISBN 0-8213-4216-9Language:English
Major Sector:Agriculture, fishing, and forestryRegion:Europe and Central Asia; East Asia and Pacific; OTH
Report Number:WTP406Sub Sectors:(Historic)Fisheries and aquaculture
Collection Title:World Bank technical paper ; no. WTP 406. Fisheries seriesVolume No:1

Summary: Fisheries in the world are reaching a turning point. Many of the traditional most highly valued stocks are fully or overexploited in a biological sense; in economic terms most fisheries employ excessive fishing effort to reach current levels of production. Ineffective management systems will govern exploitation of most major fishing stocks. Paradoxically, fisheries management effectiveness is being undermined by the very subsidies that are provided to maintain fisheries sector income. This study examines the role of subsidies in explaining the obvious and injurious mismatch between fishing effort and biological production capacity. It uses the definition and methodology of the World Trade Organization on Subsidies and Countervailing Measures of 1994 in defining the nature and size of subsidies to the sector and their impact, based on case studies for Japan, the European Union, Norway, the United States, Russia, and China. It covers the subsidies explicitly covered in the WTO agreement--including those that that are part of public budgets covering operations in local and foreign waters, and unbudgeted subsidies--including subsidized sectoral lending, tax preferences, cross-sectoral subsidies, and infrastructure. In addition, subsidies that are implied by the WTO agreement, like resource rent subsidies and conservation subsidies are assessed in some detail.

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