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MLA Legislator Teslyn Barkman (second from bottom row) was the advocate and reporting member on the new legislation

Falklands passes controversial new legislation on fisheries and ITQs

Click on the flag for more information about Falkland Islands FALKLAND ISLANDS
Saturday, September 18, 2021, 15:00 (GMT + 9)

Finally, the Legislative Assembly of the Falkland Islands this week approved the Fisheries (Conservation and Administration) Act 2021, a controversial amendment, much discussed and accepted with reservations by the local fishing industry and its associates, particularly Spanish.

As for its promoters, it was consigned, it ensured control of resources by the Islands and provided long-term stability and sustainability for the industry.

MLA legislator-elect Teslyn Barkman, an informant member of the bill, described it as a clear ”route for ITQ B (Individual Transferable Fishing Quotas, ITQs) that demonstrate majority control of the Falklands, contains the reality of operating a fishery in the southwest Atlantic, but it also indicates the new requirements that the Islands need in return for access to their fishery ".

She added that the new law "provides stability to the country, government and industry. The legal framework in place will offer a significant platform for the industry to invest in its ventures, and for the government to plan a sustainable future with its key interests at the forefront. The new requirements and objectives put the community, the environment, regulatory control and future sustainability of the country above all else ”, argued the legislator.

The new law requires that fishing companies or associations have majority ownership of the Falklands, (51.1%), previously 25.1%, and such ventures must have an action plan, accessible to the government and a board of directors with members of residents of the Islands.

Source: MercoPress

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