A fish cartel for Africa could benefit the countries, and their seas

A fish cartel for Africa could benefit the countries, and their seas

Source: ucsb

11/13/2023

Banding together to sell fishing rights could generate economic benefits for African countries, which receive far less from access to their fisheries on the global market than other countries do from theirs. By joining forces, UC Santa Barbara researchers say in a paper published in the journal Nature Communications, African fisheries would not just secure more competitive access fees, they could also protect their seas’ biodiversity.

“If African countries created a ‘fish cartel’ to sell fishing rights to foreign vessels, they could increase their fish biomass by 16% and make 23% more in profits,” said lead author Gabriel Englander, who initiated this work as a postdoctoral researcher in UCSB’s Environmental Markets Lab (emLab) in collaboration with Professor Christopher Costello, in the Bren School of Environmental Science & Management. Englander is now a research economist at the World Bank.

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