Trump Fisheries Order May Be A First Step Toward Global Reforms
The American fisheries sector is the beneficiary of an April 17 Trump executive order. The order’s implementation could result in reduced regulatory burdens and a procompetitive, economically efficient expansions of U.S. fisheries output. It might also inspire U.S. consideration of additional efforts to improve global fisheries management. Overregulation is a serious problem afflicting U.S. fisheries. While federal regulations are designed to promote sustainable fishing and protect marine ecosystems, some badly designed rules impose economic harm on fishermen and communities that rely on fishing. These regulatory design flaws can generate excessive costs and job losses in the American fishing industry. In sum, the Fisheries Order may prove to be a catalyst not just for strengthening the U.S. fisheries sector, but also for market-oriented changes that improve global fisheries. more, >>CLICK TO READ<< 08:30
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