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Individual transferable quotas in New Zealand tuna fisheries

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  • New Zealand’s $25M (USD) domestic tuna fishery comprises a troll fishery for albacore, a longline fishery for southern bluefin, Pacific bluefin, bigeye, yellowfin, and albacore tunas, and a small purse seine fishery for skipjack tuna. New Zealand vessels also fish for tuna in high seas areas and, through arrangements with other governments, in the fishery management zones of some Pacific Island Nations. Unlike other major New Zealand domestic fisheries, tuna fisheries have been open access. New Zealand domestic tuna fisheries are constrained by the availability of tuna in New Zealand fisheries waters and the longline fishery in particular has been characterised by overcapacity and poor economic returns. Following a recent review of management options, the New Zealand Government decided to manage its tuna fisheries using Individual Transferable Quotas (ITQs). ITQ management will initially apply to all major tuna fisheries within New Zealand fisheries waters and, where a national allocation is agreed through the relevant Regional Fisheries Management Organization, for tuna species taken by New Zealand fishers outside New Zealand fisheries waters. Total allowable commercial catches (TACCs) will reflect agreed national allocations. Where national allocations have not been set, TACCs will be set so as not to constrain fishing unduly, while ensuring sustainability of the stocks. Voluntary rationalization of the tuna fishing fleet commenced soon after the announcement of ITQ management. As expected, the initial allocation of ITQs has proved contentious with different fishers promoting the use of different catch history years as a basis for quota allocation.
  • Keywords: New Zealand, Capture Fisheries, individual transferable quotas, tuna fisheries, Fisheries Economics
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  • Peacey, Jonathan, Jim Sinner. 2004. Individual transferable quotas in New Zealand tuna fisheries. Peer Review: No. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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