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Financial Support to Fisheries

Implications for Sustainable Development

image of Financial Support to Fisheries

OECD governments pay out around USD 6 billion a year to support the fisheries sector. Some of this expenditure is provided to help ensure the effective management of fisheries through the provision of research, administrative and enforcement services. However, its effects on economic profitability and resource sustainability are open to debate. Such support has often been linked to over-fishing and over-capitalisation, and its reform may lead to improved economic, environmental and social outcomes. This report analyses the impacts of such transfers from a sustainable development perspective by addressing the economic, environmental and social dimensions of financial transfers. Through this innovative focus, this study will deepen policy makers’ understanding of the complex issues at play in the fisheries sector — a sector that is characterised by ongoing concerns regarding economic profitability, community resilience, and resource sustainability.

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Government Financial Transfers to Fisheries in OECD Countries

The debate over financial support to the fisheries sector has spawned a variety of definitions and classification frameworks, with potential for creating confusion about coverage and the implications for policy. The definition used by the OECD is government financial transfer (GFT) which is the monetary value of government interventions associated with fisheries policies. This chapter discusses definitional issues and data limitations, and presents the data in OECD countries for the period 1996-2003.

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