Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694500711415.pdf (Bahamas)
Effective Fisheries Management: Ensuring long-term sustainable use of fisheries resources 5th Meeting of ACP Ministers in-charge of fisheries and aquaculture, 18-21 September , The Bahamas Context • Effective fisheries management supports achievement of SDG Target 14.2 and other related SDG Target indicators (14.4, 14 B, …) • Alarming status of world fisheries resources (31.5% of exploited stocks) underpinning losses in economic wealth (75 billion EUR / year, including 9.5 billion EUR / year for Africa) • FAO Code of Conduct for Responsible Fishing sets out basic principles based on international law to be followed by States or Regional Organisations to promote sustainable management of fisheries resources 5th Meeting of ACP Ministers in-charge of fisheries and aquaculture, 18-21 September , The Bahamas Main challenges for ACP States • Obtaining science-based information to support fisheries management : high investment and recurrent costs that can be shared between coastal States through regional cooperation • Regulating fishing capacities : controlling expansion of domestic artisanal fleets through registration while managing industrial fleet capacities • Designing and enforcing long-term fisheries management plans including a transnational dimension where applicable • Greater credibility and accountability through stakeholder involvement and transparency in the decision-making process.
5th Meeting of ACP Ministers in-charge of fisheries and aquaculture, 18-21 September , The Bahamas