Japan: Japan Revises Fisheries Act Seeking Global Competitiveness

On December 8, 2018, Japan revised the first revision to the Fisheries Act since it was established in 1949. Japan will introduce individual quotas (IQ) within the total allowable catch (TAC), and will apply these quotas to more commercial species of fish. The revision also removes restrictions on who can participate in commercial fishing or aquaculture, opening the door for private companies.

Japan: Japan Revises Fisheries Act Seeking Global Competitiveness