In the United Kingdom responsibility for the management of national catch quotas has since 1984 been extensively devolved to producers' organizations, Institutions created by the European Community in order to implement the common organization of the Community market for fish. The paper describes the development of the UK quota management system and the approaches adopted by different producers' organizations to the internal management of their quota allocations. Because of changes in the UK fishing vessel licensing rules as well as developments in the quota allocation system, there is an emerging market in quotas at both individual and collective levels. The implications of these developments are discussed, including the possible evolution, largely through industry-led innovation, of some sort of individual transferable quota (ITQ) system for the UK.
|Number of pages||15|
|Publication status||Published - Nov 1997|