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Government Offers Alternatives for Trawlers

Sustainability Technology & equipment Economics +5 more

ECUADOR - The national government is offering alternatives to the industrial fishing sector which must leave trawling from 15 December 2012.

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Guillermo Moran Velasquez, Aquaculture and Fisheries Deputy Minister said the Government through the Ministry of Agriculture, Livestock, Aquaculture and Fisheries MAGAP and Aquaculture and Fisheries Deputy Minister, has devised a contingency plan for the crew and vessel owners affected.

Alternatives include: Access to credit up to $20,000 for crew members who purchase a boat and pursue traditional fishing or, for those who choose to retire to other productive activities. Loans have an interest rate of five per cent with a grace period of three years and a term of 10 years.

With the National Finance Corporation, loans are from $50,000 for owners who choose to modify their boats to go to other fisheries. These have a seven per cent interest with a period grace of two years within a 10 year contract.

For owners who do not wish to continue in the fishery, a compensation programme for the quota granted by boat will be conducted through MAGAP.

Crew members and operators can access the credit by sending a request to the Deputy Minister of Aquaculture and Fisheries indicating the alternative, name of the ship, Ministerial Agreement number, serial number and current fishing permit.