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Entitlement To Marine Living Resources In Areas Beyond National Jurisdiction—Commentary On Richard Barnes

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Chapter Summary

States have the right for their nationals to fish on the high seas, but they also have the responsibility to conserve and manage those fisheries by controlling their nationals and by cooperating with other states to ensure that the fisheries are exploited sustainably. The rapidly deteriorating condition of international fisheries must be addressed with utmost urgency. The granting of property rights over fish or individual transferable quotas (ITQs) to fishing vessels has been proposed as a solution to this problem. ITQs have been used, with mixed results, in a few jurisdictions. Two sources of over-fishing are over-capacity and the use of an 'Olympic fishery' approach. Economists argue that giving a limited number of vessels an absolute right to take a certain number of fish (individual quotas) will eliminate over-fishing.

Keywords: individual transferable quotas (ITQs); international fisheries



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