Argentina: Chambers' approval after the renewal of quotas

Published 2024년 9월 9일

Tridge summary

The articles highlights the approval of the renewal of catch quotas for hake, black hake, and Polish hake by the European Council for Fisheries Policy (CFP) for the next 15 years starting January 1, 2025. The decision has been applauded by various employers' associations linked to fishing companies as it provides legal security and ends uncertainty in the industry. The allocation of quotas will be based on the companies' historical catches, investments, exports, and labor use, as per article 27 of the Federal Fisheries Law. The reallocation scheme also cancels quota deductions for under-exploitation of hoki, allowing companies to recover lost quotas.

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Original content

The employers' associations linked to companies that own fishing vessels highlighted the renewal of the catch quotas for hake, black hake and Polish hake that the CFP approved in the minutes of last week. "It has taken a very important step to provide legal security to the fishing companies that operate in our country, by establishing the bases for the renewal of the individual catch quotas that the companies have for the quota species for a period of 15 years from January 1, 2025," CaIPA and the Chamber of Shipowners stressed in a joint statement. Meanwhile, CAPEAR ALFA praised "the step forward for the fishing industry" that the Council's decision implied. "We celebrate the renewal and thank all the members of the CFP for their dedication and effort that culminated in the formalization of the assignments." While CAPECA stressed that “the participation in the quotas of each boat will be measured from the management reports, applying the deductions for lack of exploitation, ...

Source: Revistapuerto