Catch Shares in Action: Argentine Individual Transferable Quota Program

Jan 01, 2013 | by
  • Description

The Argentine Individual Transferable Quota Program manages four of the country's most commercially important species by allocating quota to individual vessels under a single catch share program. Program goals focus on long-term stock conservation, the maximization of domestic employment and the promotion of social stability. As distinct fleets target each species, managers have incorporated special design features within the program to meet each fishery's needs. Quota set-asides give managers the flexibility to address fishery-specific social and biological goals, while the multi-criteria allocation process incentivizes investment in the domestic economy and compliance with fishing regulations.