Economic component

1. Perennial professional occupation

Natural resources utilized for the economic development of local populations;

  • An activity that generates incomes for local fishermen and fish workers;
  • An activity that allows the development of an associated economic network (e.g. fish processing, manufacturing and maintenance of fishing boats and fishing devices).

 

2. Equitable value distribution

An equitable value distribution, in particular through:

  • An organization of the fish supply chain that ensures a fair share of the benefits of the fish trade;
  • An organization of the fish supply chain that ensures That part of the fish products' added-value is kept upstream the chain (fishing, first processing).

 

3. Responsible investments

Responsible investments for the support of a sustainable fishing activity:

  • An easy access to credit;
  • An organization of the fish supply chain that allows fishermen to invest into responsible fishing tools (e.g. more eco-friendly boats, more selective fishing devices, devices for a better preservation of fish onboard).

Did you know?

There are many forms of illegal fishing, including fishing without a license, misreporting of catches, fishing in closed areas or with illegal gear and taking undersized fish. The EFTEC research estimates the cost of these practices in selected fish groups across five Large Marine Ecosystems (LMEs): €10 billion of lost catches by 2020; €8 billion of lost stock value in 2020; and 27,000 lost jobs in the fishing and processing industries. Source: Pew Charitable Trust, 2008.