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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 Harvesting Sector

Globalisation in the harvesting sector takes place in many ways including through investing abroad in foreign countries, through bilateral fisheries arrangements and through fishing on the high seas. Globalisation in the harvesting sector is, to a large extent, driven by the need of fleets to secure access to fish. The more secure and the long term access is, the more willing an investor will be to invest in fishing opportunities abroad. Fishing companies may globalise their activities as harvesting opportunities arise and could also be an outcome diminished opportunities in domestic waters. Fisheries management and governance are of crucial importance in determining whether or not fleets venture into new fishing grounds. In this respect it is important to review domestic and international fisheries management arrangements and settings to ensure sustainable outcomes.

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