Fishing In Chile: Net Profits

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A paradise for anglers but a headache for regulators

WITH over 4,000km (2,500 miles) of coastline, it is no surprise that fishing is one of Chile’s leading industries. Its commercial catch is the world’s seventh-largest. Following a period of brutal overfishing, Chile set up a quota system in 2001, which helped stocks stabilise.

However, that law expires at the end of 2012. The government has yet to devise a new system that satisfies everyone.