Examlex
The value stream focuses on just value-added activities.
Fishing
The activity of catching fish for commercial, recreational, or subsistence purposes.
Total Allowable Catch (TAC)
The overall limit set by a government or a fisheries commission on the total number of fish or tonnage of fish that fishers collectively can harvest during some particular time period. Used to set the fishing limits for individual transferable quotas (ITQs).
Pacific Halibut
A species of flatfish found in the North Pacific Ocean, known for its commercial and recreational value.
ITQs
Individual Transferable Quotas, a common market-based tool used to regulate fishing efforts and conserve fish stocks by allocating specific catch limits to fishers.
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