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Globalisation in Fisheries and Aquaculture

Opportunities and Challenges

image of Globalisation in Fisheries and Aquaculture

This overview of global markets for fish and fish products finds that they have changed considerably over the past few decades and continue to do so, with ever growing interactions across countries and continents. Change has brought substantial benefits to the world economy and a number of policy challenges for governments. To meet these challenges, without compromising the advantages of increasing market interactions, countries must develop and implement fisheries management frameworks and aquaculture strategies that accommodate globalisation without undermining resource sustainability.

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Globalisation in the Fish Processing Sector

Major fish processing companies are pursuing two parallel strategies. In order to secure access to raw material fish processing companies integrate backwards into harvesting and aquaculture (through acquisitions, establishment of subsidiaries or building strategic alliances). Processors also integrate forwards in the value chain through sales and branding in order to establish bargaining power in light of increasing concentration in the retail sector. Restrictions on market access (through tariffs for developed countries and sanitary/hygiene issue in particular for developing countries) and investment climates that encourage foreign direct investment are areas where policy gaps still remain.

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