As per the information an analysis of key issues that are vital for the management of tuna fisheries to ensure sustainable fish stocks and healthy ecosystems have been developed in the Bellagio Conference. The new set of management would provide fair access to the fisheries for all participants, and retaining profitability of the industry.
It is fact that the international fisheries for tunas, billfish and other highly migratory species are at a critical juncture. High demand provides an incentive for excess harvesting, which has led to excess fleet capacity. In order to curb the overfishing of tuna there should be appropriate management measures. Unless the economic inefficiencies control it poses a serious threat to the health of most of the world’s tuna stocks as well as causing erosion of economic benefits, waste of capital, and heightened conflict among states over a fixed or steadily declining resource base.
There is an urgent need of action by putting the global growth in fishing capacity must be curtailed and fleets reduced. The time is ripe to address these problems and their root causes. Success will require the use of new approaches including rights-based management.
The Conference addressed the following key issues: such as causes of overcapacity; controlling capacity; shifting to rights-based management and allocation; and effective monitoring, compliance and enforcement. The conference assembled a global group of distinguished academic, government, industry and NGO participants to engage in debate and discussion in a collaborative and neutral venue.
