The local hake fishing industry has warned that sensible rights allocations were necessary to preserve international competitiveness and jobs in coastal areas.
The association said consultations with stakeholders around the policy that would underpin the fishing rights allocation process of 2020 were crucial. These are expected to begin next month. “To overlook the risky, capital-intensive nature of the deep-sea trawl industry, and the need for economies of scale in the catching and processing of Cape hake, would be to risk destroying this industry which currently provides compelling value and thousands of good jobs in coastal areas,” said Brown.
According to the report, HDPs currently hold approximately 6% of the equity in the firms harvesting 90% of the hake deep-sea trawl catch and the same or higher amongst the remaining smaller firms.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »