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Economic Instruments for Thai Marine Rehabilitation

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  • Seven economic instruments including property right regime, tradable permit, bond and deposit refund, liability, fiscal instrument, financial instrument, and charge system were considered for rehabilitations of coastal resources including mangrove, coastal water, coral, sea grass and seaweed, tourism, and fishery resources. Criteria on selective economic instruments were previous practice, management administration, technique including flexibility and efficacy, acceptability, and revenues. For mangrove, recommended instruments were fiscal and financial instruments providing the coordination among relevant agencies. For waste waters and garbage disposal in coastal areas, pollution charge was recommended while revenues should be transferred to strengthening management capability of locals. Liability system was recommended for coral through collaboration with local community in monitoring on resource abundance. Charge system on visiting quota could be applied in order to earn revenues for the operating cost. In case of sea grass and seaweed, liability system, conservation incentive, soft loan and subsidy could be applied. Charge system and the establishment of reasonable fee were recommended for Thai marine tourism. Tradable tourism quota should be in accordance with the environmental carrying capacity. Financial instrument could be applied and be paid for local environmental management cost. For small scale fisheries, community based fisheries management was recommended on the condition that suitable geographical location to accommodate exclusive right in local fisheries be identified. Priority should be given to fishing community with strong and capable community organization. Government could take part in co-management to strengthen community capacity and enforcement. Successful pilot project was the key of success. Individual transferable quota was recommended only for commercial fisheries provided improvement on landing and its regulation. Fishing fee should be adjusted to reflect true value of fishery resources.
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  • Tokrisna, Ruangrai. 2002. Economic Instruments for Thai Marine Rehabilitation. In: Proceedings of the Eleventh Biennial Conference of the International Institute of Fisheries Economics and Trade, August 19-22, 2002, Wellington, New Zealand: Fisheries in the Global Economy. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2002. CD ROM.
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