Net losses

In 2004, net exports of fish reeled in more than $20 billion to developing countries– nearly four times more than coffee exports and nearly ten times more than tea exports. According to the UN Food and Agriculture Organization (FAO), that same year, fish provided more than 2.6 billion people around the world with at least 20% of their average per capita animal protein intake. As Globalisation in Fisheries and Aquaculture: Opportunities and Challenges makes clear, only through international co-operation will these vast and crucial industries be saved from their own success.

Given that in 2005, according to the FAO, about half of all fish stocks were fully exploited or close to their maximum sustainable limits, and another quarter were overexploited, depleted or recovering from depletion, a key policy objective for international fisheries is to ensure that stocks are sustainable. Developing and developed countries need to reassess domestic fisheries management and the development needs of the fisheries sector while strengthening fisheries governance. As a start, policymakers should eliminate fleet overcapacity and reduce subsidies for fleet operations. They should also provide development assistance and capacitybuilding, particularly for poorer countries.

Globalisation in Fisheries and Aquaculture examines the entire value chain of fisheries– from capture or farming, which itself produced 66.7 million tonnes of fish in 2006, worth an estimated $86 billion, through processing and retailing. It addresses some of the concerns raised about aquaculture, specifically the potential detrimental effects fish farming might have on the environment (see also “Aquaculture: A catch for all?” in OECD Observer No 278 and at www.oecdobserver.org). It also suggests policies to ensure that fish stocks are better protected and fish harvesting better managed, urges compliance with international regulations already in place and the development of new standards as needed. In short, better international fisheries management can result in a cleaner and fairer industry.

ISBN 978-92-64-07432-3

©OECD Observer No 279 May 2010




Economic data

E-Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Suscribe now

<b>Subscribe now!</b>

To receive your exclusive paper editions delivered to you directly


Online edition
Previous editions

Don't miss

  • Trade is an important point of focus in today’s international economy. This video presents facts and statistics from OECD’s most recent publications on this topic.
  • How do the largest community of British expats living in Spain feel about Brexit? Britons living in Orihuela Costa, Alicante give their views.
  • Brexit is taking up Europe's energy and focus, according to OECD Secretary-General Angel Gurría. Watch video.
  • OECD Chief Economist Catherine Mann and former Bank of England Governor Mervyn King discuss the economic merits of a US border adjustment tax and the outlook for US economic growth.
  • Africa's cities at the forefront of progress: Africa is urbanising at a historically rapid pace coupled with an unprecedented demographic boom. By 2050, about 56% of Africans are expected to live in cities. This poses major policy challenges, but make no mistake: Africa’s cities and towns are engines of progress that, if harnessed correctly, can fuel the entire continent’s sustainable development.
  • OECD Observer i-Sheet Series: OECD Observer i-Sheets are smart contents pages on major issues and events. Use them to find current or recent articles, video, books and working papers. To browse on paper and read on line, or simply download.
  • How sustainable is the ocean as a source of economic development? The Ocean Economy in 2030 examines the risks and uncertainties surrounding the future development of ocean industries, the innovations required in science and technology to support their progress, their potential contribution to green growth and some of the implications for ocean management.
  • The OECD Gender Initiative examines existing barriers to gender equality in education, employment, and entrepreneurship. The gender portal monitors the progress made by governments to promote gender equality in both OECD and non-OECD countries and provides good practices based on analytical tools and reliable data.
  • They are green and local --It’s a new generation of entrepreneurs in Kenya with big dreams of sustainable energy and the drive to see their innovative technologies throughout Africa. blogs.worldbank.org
  • Interested in a career in Paris at the OECD? The OECD is a major international organisation, with a mission to build better policies for better lives. With our hub based in one of the world's global cities and offices across continents, find out more at www.oecd.org/careers .

Most Popular Articles

OECD Insights Blog

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2017