24 Sep '11, 12pm

New Tax on International Fishing Operations Will Deter African Overfishing

New Tax on International Fishing Operations Will Deter African Overfishing

Coastal African countries have long been at a disadvantage when it comes to regional fishing because their smaller boats can't go out far enough out to reach fish stocks caught instead by larger international fishing operations . This practice has long been tolerated by the United Nations because supposedly stocks were large enough to allow it. However, a new tax could begin to partially account for the ecological and economic impact of large scale fishing. Science Daily reports that an optimum tax to be placed on large scale fishing operations off Africa's coasts will serve to protect native fish stocks and smaller African economies. "Allowing technically advanced fishing fleets to fish offshore within Ghana's economic zone means that inshore fish stocks, which are accessible to the country's own, small-scale fishing fleets, are also dwindling," says Kofi Vondolia, whose ...

Full article: http://www.treehugger.com/files/2011/09/new-tax-internati...

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