Source: South China Morning Post Editorial
Free markets have their place, but not when it comes to fishing. That is why the ban on bottom and mid-water trawling in our waters took effect at the start of the new year and is so welcome. Limited restrictions and a ravenous appetite for seafood have led to the fishing industry harvesting a greater catch than is sustainable. Fish stocks are in crisis, the marine environment dangerously stressed and fleet restructuring urgently needed.