Is Taiwan ready to abolish harmful fishery subsidies?
Taiwan
Published Dec 17, 2021
Tridge summary
Harmful subsidies and illegal fishing are the main reasons for the depletion of global fishery resources, and the two are related to each other (many government subsidies lead to overfishing). Low fish resources mean that fishing requires more time and cost, and the economic loss is estimated Nearly 100 billion U.S. dollars. It is estimated that the world spends as much as 35 billion U.S. dollars in fishery subsidies each year, of which about 22.2 billion U.S. dollars is used to encourage overfishing. Such subsidies tend to be large industrial fishing fleets rather than the most vulnerable individual fishermen. And fuel subsidies are the most. The main reasons for the government to implement subsidies are: solving social equity issues, marine protection issues, and stimulating economic growth. The problem is that one-third of the subsidies provided by the largest fishing country are used for fishing in other countries’ waters. Moreover, the subsidies provided by countries engaged in advanced fishing are significantly higher than those of low-income countries. Many fishermen may suffer short-term losses due to subsidy reforms, but in the long run, fishermen’s livelihoods will be improved due to the increase in fish resources. Small-scale fishermen ( Approximately 39 million people rely on capture fisheries for their livelihoods) can also survive in a more level playing field.
Original content
Harmful subsidies and illegal fishing are the main reasons for the depletion of global fishery resources, and the two are related to each other (many government subsidies lead to overfishing). Low fish resources mean that fishing requires more time and cost, and the economic loss is estimated Nearly 100 billion U.S. dollars. It is estimated that the world spends as much as 35 billion U.S. dollars in fishery subsidies each year, of which about 22.2 billion U.S. dollars is used to encourage overfishing. Such subsidies tend to be large industrial fishing fleets rather than the most vulnerable individual fishermen. And fuel subsidies are the most. The main reasons for the government to implement subsidies are: solving social equity issues, marine protection issues, and stimulating economic growth. The problem is that one-third of the subsidies provided by the largest fishing country are used for fishing in other countries’ waters. Moreover, the subsidies provided by advanced fishing ...
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