UK: Falklands fisheries rep calls for the creation of Southern Atlantic regional fisheries management organization

Published 2024년 4월 23일

Tridge summary

The Falkland Islands, a self-governing U.K. territory in the Southern Atlantic Ocean, is heavily reliant on fishing for its economic growth, with the industry contributing 65 percent to its GDP in 2023. The islands are rich in oil reserves, potentially providing a new source of income, but fishing remains crucial for its economy and way of life. The Falklands manage their exclusive economic zone, but face challenges such as illegal fishing and tensions with Argentina, which argues that the U.K. is encroaching on its waters. The government is considering diversifying its revenue streams while emphasizing the need for a regional fisheries management organization to address illegal fishing and reduce political tensions in the region.

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Original content

The vast oil reserves buried around the Falkland Islands may represent the future of its economy, but fishing remains its biggest economic driver, accounting for 65 percent of the islands’ gross domestic product in 2023.“It remains a massive deal,” Falkland Islands Fishing Companies Association Executive Secretary James Bates told SeafoodSource at the 2024 Seafood Expo Global in Barcelona, Spain on 23 April.The islands, which lie 300 miles east of Argentina in the Southern Atlantic Ocean, and control of which was contested in a war between Argentina and the United Kingdom in 1982, are self-governing, though they remain a part of the U.K. They play host to a fleet of vessels fishing year-round for a diverse range of species, including loligo and illex squid, southern blue whiting, hake, king clip, red cod, rock cod, and Patagonian toothfish.“We're responsible about our fisheries. For us, it’s fair to say that everybody's life in the Falklands is impacted by the fishing industry in ...

Source: Seafoodsource