Which of the following countries implements individual transferable quotas (ITQs) in which owners have the right to catch a certain tonnage of fish?
New Zealand
Australia
Canada
Japan
New Zealand is known for implementing individual transferable quotas (ITQs) in its fisheries management system. This system allows fishers to buy, sell, and trade their quotas, providing flexibility and promoting sustainable fishing practices. While other countries like Australia and Canada have also explored quota systems, New Zealand is particularly recognized for its comprehensive use of ITQs. Japan, on the other hand, has a different approach to fisheries management and does not primarily use