Benefits

Fisheries are a critical source of jobs, food, and trade for millions of people around the world. But due to challenges like overfishing, ecosystem damage, human rights violations, conflicting interests from other sectors and limited consideration in national policy processes, fisheries face an uncertain future. Strengthening transparency and participation in fisheries yields benefits on national, regional and international level that support responsible and sustainable fisheries for development and food security.

By promoting transparency and participation in fisheries, the Fisheries Transparency

Initiative (FiTI) yields benefits for all stakeholders:

  • The FiTI provides credible and comprehensive information which is relevant to improve fisheries management, allowing for better and democratic decision making.
  • The FiTI establishes a trust-based, consensus-oriented multi-stakeholder environment for collective action.

These general benefits can be further specified for each stakeholder group:

  • Governments of host countries benefit from an enhanced political reputation by demonstrating a clear commitment to good governance for responsible fisheries. This can lead to increased trust and an improved contracting, trade and investment environment.
  • Governments of host countries as well as their fisheries partners benefit equally by demonstrating that the country is getting a fair deal for its fishery resources, contributing to greater economic and political stability and food security.
  • Industrial fishing companies benefit from an enhanced reputation in the market and a ‘level playing field’ where all companies provide information according to a coherent framework.
  • Small-scale fishers benefit from an increased recognition of their contribution to the country’s food security and development, while improved transparency supports responsible governance of tenure that is needed for securing sustainable small-scale fisheries.
  • Civil Society Organizations, workers and consumers benefit from an enhanced ability to hold governments and companies accountable through an increased amount of information in the public domain. Furthermore, civil society organizations will benefit from greater involvement in the production of credible information on fisheries, being recognized as an equal stakeholder in the country’s national Multi-Stakeholder Group.