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Spending and Costs : Fishing Subsidies
- $24 million fishing buyout completed
-- The program traded $24 million in federal relief funds for the fishing rights of 78 vessels representing 18 percent of the days used to fish groundfish in the Northeast and 22 percent of the revenue generated by groundfish landings.
(Added: 25-May-2003 Hits: 299 Rating: 8.00 Votes: 1) Rate It
- Commercial Fishing Subsidies Hurt Everyone
-- "Massive subsidies to the fishing industry, estimated at $15 billion per year, have depleted the world's fish stocks and contributed to a commercial fishing crisis, the World Wide Fund for Nature (WWF) says."
(Added: 19-May-2003 Hits: 495 Rating: 10.00 Votes: 1) Rate It
- EU subsidies destroying fishing industry
-- "European Union subsidies totalling 1.4 billion euros (dollars) a year will doom the fishing industry unless halted soon, the conservation body WWF-International says."
(Added: 19-May-2003 Hits: 200 Rating: 0 Votes: 0) Rate It
- Federal Fisheries Buyback Programs
-- "Several U.S. fisheries have turned to buyback programs to reduce fishing capacity. Successful buyback programs improve resource conservation, increase the profitability of the fishery, and provide financial relief to those who are ready to leave the business."
(Added: 25-May-2003 Hits: 223 Rating: 0 Votes: 0) Rate It
- Fishing subsidies : governments admit US$ billions; hide billions more, say
-- A new report for the first time offers evidence that nearly one dollar in five earned by the fishing industry comes from government handouts. The report confirms that subsidies to the fishing industry amount to at least $15 billion per year, or 20 percent of the total value of the world's commercial fish catch.
(Added: 15-May-2003 Hits: 290 Rating: 0 Votes: 0) Rate It
- Fishing subsidies raise temperatures at WTO
-- Rich and poor countries have called for an early start to special negotiations in the WTO to try to agree on rules limiting subsidies for fishing fleets. Only Japan and South Korea, both providers of heavy subsidies, firmly resisted the call - while their one-time ally on the issue, the European Union, said it would soon come up with new proposals to tackle declining fish stocks.
(Added: 26-Aug-2003 Hits: 128 Rating: 5.50 Votes: 2) Rate It
- Subsidizing Destructive Fishing
-- Governments everywhere are subsidizing overexpansion of fishing fleets. The EU increased spending on its commercial fleets from $80 million in 1983 to $500 million a year in 1990. By the early 1990s, Japan had extended $19 billion worth of credit to its overbuilt commercial fleets. In the US, $1.6 billion was used to build up the domestic factory trawler fleet to fish in Alaskan waters.
(Added: 28-May-2003 Hits: 208 Rating: 0 Votes: 0) Rate It
- The Impact of Developed World Fishing Subsidies on Developing Countries
-- Developing countries which open up their waters to foreign fishing fleets may lose far more than they gain, studies show. Research indicates that the costs, terms of loss of income for local fishermen, environmental damage and the depletion of native fish stocks, can far outweigh the short term financial gains generated from foreign governments and fleets.
(Added: 19-May-2003 Hits: 160 Rating: 0 Votes: 0) Rate It
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