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Opening the Toolkit: Addressing Challenges in European Fisheries Public Deposited

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Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.

Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.

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  • After thirty years of the Common Fisheries Policy (CFP) in Europe, its limitations in relation to environmental and socio-economic aspects have been well-documented. The STEFC identified some reasons that contribute to poor socio-economic performance due to environmental factors (e.g. reduced TACs and quotas for several key stocks, scarcity of some species, adverse weather conditions, damage caused by marine mammals, closed areas for stock recovery) but also socio-economic factors (e.g. lower average first sale prices, market saturation and poor marketing, the effects of the global economic crisis, export embargos, shortage of local crews). Nevertheless, several authors have pointed out the need to overcome this pessimistic mantra of the CFP since some of the management decisions have been shown to be partly effective in the last decade. In particular, sixteen out of nineteen member states generated a net profit of €506 million in 2013 with a gross profit margin of 20%, generating €3.4 billion of Gross Value Added. In this context, the creation of shared value should contribute towards the advance and strengthening the economic and social conditions of the European fisheries sector while encouraging the stakeholder engagement along the value chain to enhance competitiveness in relation to third countries. Furthermore, the setting of strategic plans for future production and innovation will also contribute to strengthen the long-term viability, allowing to improve the understanding of their markets functioning.
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  • 0976343290

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