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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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The Environmental Effects of Transfers to the Fisheries Sector

The environmental effects of GFTs provided to the fisheries sector closely follow from the economic effects analysed in the previous chapter. This chapter presents the analysis from a different perspective using the checklist approach developed for the environmentally harmful subsidies

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