ERC WORKING PAPERS
The Promise of Transferable
Fishing Concessions on EU Fisheries
Zafer Kanik and Serkan Kucuksenel
Abstract:
Two of the primary issues of the next Common Fisheries Policy (CFP)
reform are maximum sustainable yield (MSY) and transferable fishing
concessions (TFCs). The European Commission agreed on implementing TFCs
under some major principles including reserving a part of total quotas
for small-scale fishermen in order to prevent the reduction in the fish
catching sector employment. Besides, the European Commission set the
goal of achieving MSY for all European fisheries by 2015. The
interrelation between these two objectives should be well understood.
In this study, the impact of fishing on total biomass is analyzed under
an age-structured model, and the potential effects of TFCs on the
achievement process of MSY harvesting conditions are explained. It is
shown that the implementation of TFCs, under the major principles
defined by the European Commission, has an impact on both the total
biomass growth and the time path to reach the goal of MSY. The paper
concludes that initial allocation of quotas does matter since reserving
quotas for small-scale fishermen reduces the time needed to achieve
MSY.
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