Fisheries Subsidies and incentives provided by the Peoples Republic of China (PRC) to its Distant Water Fishing (DWF) Industry

Justin Ilakini, Advisor, Regional Economic Integration, Fisheries Development Division, Pacific Islands Forum Fisheries Agency; 

Abstract

This paper provides information on the type of fisheries subsidies and incentives that the PRC provides to its distant water fishing  industry (DWF) and fisheries sector generally. The paper highlights that it is the official policy stance of the Chinese government to assist in the growth, expansion and modernization of its DWF fleet, and this has been achieved through provision of direct subsidies and  tax incentives as captured in China’s revolving five-year plans and from unofficial sources. 

4th April 2013