Fishing less, and better, could generate an additional $83-billion each year for the fisheries sector, creating a much-needed revenue stream in developing countries and improving global food security, a new report by the World Bank states. The ‘Sunken Billions Revisited’ report, an update of a 2009 study, shows that reducing fishing globally would allow fish stocks to recover from overexploitation and lead to increases in the weight, value and price of fish landed, boosting the profitability of the fisheries sector from an estimated $3-billion to $86-billion a year.
Source: www.engineeringnews.co.za
Slowdown in global fishing would create better long-term yield – report
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