International Cooperation in Fisheries Management: The ITQ System in an International Perspective

Hannes H. Gissurarson*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Many fish stocks are fugitive resources, migrating in and out of territorial waters. A system of individual transferable quotas, ITQs, may make their efficient management possible. Iceland is an example. She has negotiated, with her neighbouring countries, a share in the total allowable catch of several fish stocks in the North Atlantic Ocean. Then government has allocated this share as ITQs to fishing firms, on the basis of catch history. This makes owners of fishing vessels responsible partners in fisheries management, with a vested interest in the future of the stocks.

Original languageEnglish
Pages (from-to)79-84
Number of pages6
JournalFisheries Science
Volume68
DOIs
Publication statusPublished - 2002

Other keywords

  • fisheries management
  • individual transferable quotas
  • international cooperation
  • property rights

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