Sustainable Enterprise of Overfishing

Mutual benefit is got through Recreational fishing because it provides a wide range of benefits that involve environmental, social, psychological, and economic aspects. In the same way, people in the fishing industry derive mutual benefits which are both economically and environmentally satisfying. In enjoying these mutual benefits one has to follow certain policies that are ‘enforced by the RecFish Australia code of conduct’ (2001) which express people’s responsibility towards the environment and the respect of the stakeholder.While the Australian domestic markets keep expanding and the demand for Australian seafood keeps escalating, there is an urgent need for seafood resources to be cultivated and harvested in a systematic sustainable manner, so that the right amount of stocks could be maintained and there are flexibility and viability in the fish industry that has an employee population of about 80,000 workers. In such a scenario there is no doubt that there are pockets of emerging themes such as exploitation of the market and also criminal activities.Even though there appears to be stringent rules and regulations guarding the rights of others, yet there is a lot of organized illegal activity that takes place which involves either barter or cash transactions.Efforts are on to prevent illegal harvesting and trade practices by the Australian fisheries management authorities who have helped to control such activity to a great extent thereby lending their support and cooperation to all the other stakeholders and other organizations involved.There are a lot of opportunities for stakeholders as well as other organizations to help them develop their options and clarify their choices. One of the main platforms for such activities is stakeholder dialogue meetings that are carried out on a regular basis.The NSW is the Primary Stakeholder who has great importance for a number of reasons. One of the main reasons is framing the rules and regulations of the fishing business which includes all departments and other stakeholders too. Though all stakeholders do not have equal representation within the dialogue, yet they have every right to voice their opinions on any issue that is affecting them.