Economic Policy in Fisheries

Economic policy in fisheries refers to the strategies and regulations that govern how fishery resources are managed to ensure sustainability, profitability, and food security. This includes setting quotas to prevent overfishing, promoting responsible practices, managing ecosystems, and supporting local fishing communities. Policies may involve licensing, monitoring fish stocks, and encouraging research on marine life. The goal is to balance economic interests with environmental health to maintain fish populations for future generations while allowing local economies to thrive. Effective fisheries policies consider both ecological impacts and the livelihoods of those who depend on fishing.