Government to upgrade quota entitlement system towards greater sustainability

October 17, 2007 11:31

During his October visit to Khabarovsky Krai Territory in the Russian Far East head of the nation's Federal Fisheries Agency Andrey Krainy told the province's government that the current situation, when many capture quota holders had never fished at sea trading in quotas instead, would be changed basically, according to Vostok-Media.

More specifically, now 5000 companies holding capture quotas in Russia actually operate 3700 fishing vessels and in the near future, according to President's order, all the fishing businesses which have no fleet of their own will lose the entitlement to fishing quotas, while those companies which do harvest fish with own vessels, are advised to pull towards joint exploitation of the quotas and simpler vessel maintenance. President thinks that small and medium-size companies should work in the inshore waters, while deepsea fishery should be entrusted to large and serious companies owning a large fleet.

According to the nation's fisheries head Andrey Krainy, large companies are more interested in eliminating poaching than small companies, especially in salmon rivers. If a large company knows that it can exploit a water area for a period of 10 or 20 years, towards getting the highest possible profit it will organize its operations in a sustainable way on its own without any help from the state bodies.

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