Globalisation in the Harvesting Sector

Globalisation in the harvesting sector takes place in many ways including through investing abroad in foreign countries, through bilateral fisheries arrangements and through fishing on the high seas. Globalisation in the harvesting sector is, to a large extent, driven by the need of fleets to secure access to fish. The more secure and the long term access is, the more willing an investor will be to invest in fishing opportunities abroad. Fishing companies may globalise their activities as harvesting opportunities arise and could also be an outcome diminished opportunities in domestic waters. Fisheries management and governance are of crucial importance in determining whether or not fleets venture into new fishing grounds. In this respect it is important to review domestic and international fisheries management arrangements and settings to ensure sustainable outcomes.