Trading quota under the new Common Fisheries Policy

European policymakers are currently engaged in a once-a-decade opportunity to plot the future course of European fisheries. Arguably the most controversial element of the Common Fisheries Policy (CFP) reform proposal is the mandatory introduction of transferable fishing concessions (TFCs) within EU Member States.

Many stakeholders have concerns about TFCs. Certain stakeholders argue that the introduction of transferable user rights or exploitation concessions (as opposed to property rights) is a confirmation that the State is the owner of the resource and may impose restrictions on its use. Others describe the move as virtual privatisation of the oceans, arguing that market forces will not support conservation objectives.

Concerns have also been raised relating to the specific design of the measure. This includes the fear that transferability will lead to concentration of the right to fish in even fewer hands, particularly the large scale fleets; or that conservation objectives will not be prioritised.

IEEP is continuing to play an important role in facilitating a dialogue on TFCs, for example through the publication of a themed edition of El Anzuelo and subsequent meetings with groups of stakeholders to explore concerns about this prominent element of the reform package. The themed edition of El Anzuelo contains a series of articles by NGOs, economists and independent experts on the issues relating to the implementation of TFCs in Europe.

Contacts: Indrani Lutchman and Stephanie Newman