Forecasts for supply and demand of squid in Korea according to the policy of the Falkland Islands

Published 2020년 11월 9일

Tridge summary

The Falkland Maritime Authority is set to enforce safety measures for foreign fishing vessels of 24 meters in length or more in the jurisdiction effective 2021. These measures, in line with the IMO Tremolinos Convention, aim to ensure the safety of fishing vessels in the Falkland's Exclusive Economic Zone. The article also discusses the challenges faced by the Falkland fishery industry, including the potential impact of Brexit on seafood exports to the EU, the introduction of the Individual Transfer Quota (ITQ) system for elex squid, and the need for safety improvements in the squid industry due to the age of many fishing vessels. Additionally, it highlights the concerns of the Korean ocean industry about the ITQ system and proposes solutions to mitigate potential disadvantages, such as activating joint ventures and developing alternative fisheries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Foreign fishing vessels operating in the jurisdiction are expected to strengthen the conditions for wearing foreign fishing vessels over 24m in length Discuss the legalization of safety measures for foreign fishing vessels with a length of 24m or more. Falkland, a major country that produces squid and toothfish, and the nearby high seas are an important sea area that produces 72% of the popular fish species in Korea. In the past three years, squid from deep seas accounted for 35.5% of domestic squid production, and as of 2019, squid occupied an important position in the fishery industry of Korea. All of the toothfish is produced in the Southern Ocean and the waters near the Falklands, and about 70% is produced in the waters of the southwestern Atlantic Ocean. The average export value of tooth meat over the past three years is about 50 million dollars, which is one of the top 10 export items, and tooth meat produced in the high seas near the Falkland is exported to major developed ...

Source: Fisheco