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Research on the Advantages and Strategies of Foreign Investment as Regards to the Localization of FOC Vessels, in the Western and Central Pacific Ocean, Under the Development Tendency of International Fisheries Management Convention

In the development and utilization of living marine resources, fish resources have faced the hazard of exhaustion due to the over-fishing of those resources. Thus, to preserve world food security for future generations, sustained conservation of living aquatic resources has been the objective of the new International Fisheries Management System. Taiwan is one of the major ocean-going fishing countries which will bear the brunt. In recent years, strict measures have been adopted by the new International Fisheries Management Convention, the competition of foreign fishing fleets of other countries has increased, and the Taiwanese government¡¦s has implemented a reduction policy on the number of purse seine fishing vessels. Therefore, some shipowners purchased used vessels or built new vessels and registered those vessels under flags of convenience ¡]FOC¡^in order to avoid the above mentioned Restrictive Policy on the building of new fishing vessel which complies with the requirements of Responsible Fisheries and the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. The FOC vessels are the consequence arising from this situation. The FOC vessels are boycotted by the international society and are unable to obtain the quota from the International Fisheries Management Organization since they are beyond the management and control of the law and regulations. There will be a threat of survival if those vessels fail to find normalization.
First of all, the purpose of this research is to analyze the future development of the fishing industry, in the Western and Central Pacific Ocean, and the impact of the FOC vessels on this development. Second, it is to find methods in which the shipowners of those FOC vessels can relocate their statuses and integrate the resources of the owner¡¦s countries and coastal countries, under the requirements of United Nations Convention the Law of the Sea and the international documents which were developed in pursuance of this Convention.
At the same time, we hope to find a suitable balance between competition in the fishery industry and the marine biosphere through the evaluation of the advantages and strategies on the localization of foreign investment for FOC vessels and the analysis of cases studies. Then we may work out the best investment strategy of the localization and normalization of the FOC vessels. We wish that shipowners of FOC vessels could base themselves on Taiwan¡¦s development, obtain legalized status and a new opportunity for survival, under the new development trend of International Fisheries Management Convention and coordination of the investment plan in the costal countries.
Finally, we hope that during the processing of the FOC vessels¡¦ normalization from its present status, shipowners will be able to give consideration to our government¡¦s weak status in international society and the advantages of costal countries. We will then be able gain the rewards from the best investment strategy.
Keyword: fishery, flags of convenience, responsible fisheries, localization, foreign investment

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0704101-103945
Date04 July 2001
CreatorsTu, Jennifer
ContributorsAnlin Chen, Jason H. Huang, Chin-Tarn Lee, Ching-Chane Hwang
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0704101-103945
Rightsnot_available, Copyright information available at source archive

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