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24 February 2013

Evaluation of fishing reform in Peru

An example of particularly well researched ex-post evaluation of a regulatory reform, from Peru: the study of the impact of regulation No. 1084 of 2008 which brought about the largest reorganization of the fishing sector in the last 35 years in Peru by introducing individual fishing quotas for vessels in the anchovy business (based on their fishing record and their storage capacity). This is quite a contentious issue internationally.
This publication provides a study of the balance of benefits and costs, as well as the opportunities and threats generated by the system of property rights in anchovy fisheries, three years after it was introduced in Peru. It also analyzes the appropriateness of extending the application of this type of fisheries management to the other major fisheries exploited in Peru today (eg, squid, mackerel), based on an analysis of the experience of the hake fishery earlier reform.
As expected, the allocation of property rights produced a number of benefits on the size and profitability of the fishing industry, and on the envirnoment (slowing the "race to fish") (reported by Manuel Palmi.)

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