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Examination of Trade Sanctions and Port State Controls to Promote Sustainable Fisheries

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  • The Magnuson-Stevens Fishery Conservation and Management Reauthorization Act (MSRA) of 2006 (Public Law 109-479) amends the Moratorium Protection Act (Public Law 104_43) requiring the United States (US) to take actions to address illegal, unreported, or unregulated (IUU) fishing and bycatch of protected living marine resources on the high seas and in areas not covered by international management bodies. MSRA requires a process to certify fishing nations’ ability to address these concerns and gives each nation a positive or negative certification. A nation receiving a negative certification faces denial of US port privileges and trade sanctions on fishery products. This presentation will focus on the examination of the potential ramifications of reduced supplies of imports on the U.S. economy. Two general metrics will be considered: (1) consumer benefits in the form of compensating variation and consumer surplus, and (2) impacts in terms of changes in income and employment. Metric (1) will also require an assessment of changes in prices and revenues. Assessment of the changes in compensating variation or consumer benefits involved the estimation of demand equations for shrimp, one of the species that would be likely candidates in the event of negative certifications. Impacts will be assessed by using an existing input/output (I/O) model updated to reflect more current economic activity.
  • Keywords: Fisheries trade, Magnuson-Stevens Fishery Conservation and Management Reauthorization Act, Fisheries Economics, Shrimp, Sustainable fisheries, Trade sanctions, Input-output analysis, Seafood demand
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  • Gentner, Brad and James Kirkley. 2008. Examination of Trade Sanctions and Port State Controls to Promote Sustainable Fisheries. 11 pages. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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