The regulation of the Fisheries Law, approved on Tuesday by the Mozambican cabinet, introduces fishing rights for the first, announced on Tuesday in Maputo, the Minister of the Sea, Inland Waters and fisheries of Mozambique, Agostinho Mondlane.
The minister said that the right to fish is represented by a license, or title, which can be presented by the holder as collateral to obtain financial support to develop their activity, according to Mozambican state news agency AIM.
Mondlane said that the legal provision now introduced in the Fisheries Law gives security to the fishing operator, which will have the right to fish for as long as the license is valid.
“This decision brings stability to the owners of the fishing industry, because they know with accuracy the period of validity of fishing rights, which ranges from a minimum of three to a maximum of 20 years,” the Minister explained.
Mondlane said that the titles of fishing rights may be renewed on expiry of the initial term.
The regulation of the Fisheries Law also establishes procedures and requirements necessary for the operator to carry out the activity of fishing in Mozambique, and one of the basic requirements is to obtain the fishing rights license.
The taxes on industrial fishing vary from 0.5% to 2.5% of the commercial value of the annual average catches for each type of exploration and should grow gradually to reach 5% in 2021. In the case of artisanal operators an annual tax of 1,000 meticais (about US$16) has been set.
The revenue from these taxes will be used to finance the supervision of fishing or environmental preservation work in the aquatic environment and also for refinancing of fishing activity, including fish farming, the minister said.