Argentina announced this week the regulation of the Fisheries Law that allows for 15 years individual transferable catch quotas (ITQs) of common hake (Merluccius hubbsi) which is to become effective in 2010. The new system is also applicable to other three species: hoki (Macruronus magellanicus), Patagonian toothfish (Dissostichus eleginoides) and southern blue whiting (Micromesistius australis).
