Individual Transferable Quota B approved for Falklands Fishing Companies

The notice to grant the individual Transferable Quota B, or ITQ B, has been approved for fishing companies in the Falklands for a 25-year license. An ITQ looks to regulate the amount of fish caught by fishing companies. ITQ B aims to be a reboot of the pre-existing ITQ, and will play an important part in fisheries policy over the next two and a half decades.

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