Global Fishing Trade Depletes African Waters

Poor Nations Get Cash, The Rich Send Trawlers; A Dearth of Octopus
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Wealthy countries subsidize their commercial fishermen to the tune of about $30 billion a year. Their goal is to keep their fishermen on the water. China, for example, provides $2 billion a year in fuel subsidies; the European Union and its member nations provide more than $7 billion of subsidies a year. Such policies boost the number of working boats, increase the global catch and drive down fish prices. That makes it more difficult for fishermen in poor nations like Mauritania, who get no subsidies, to compete.

The end result: African waters are losing fish stock rapidly, with ramifications both to the economies of Africa's coastal nations and to the world's ocean ecology. Over the past three decades, the amount of fish in West African waters has declined by up to 50%, according to Daniel Pauly, a researcher at the University of British Columbia.