FISHREG collects annually and analyzes economic data on the profitability of the EU fishing fleet and the EU fish processing sector. It is instrumental in producing the Annual Economic Report on the European Fishing Fleet (AER) and the Annual Economic Report on the European Fish Processing sector. The data is first assembled and quality checked by JRC and then provided to working groups of independent experts (working in the framework of STECF) for analysis. The draft report is completed and edited by JRC and then submitted to STECF for endorsement and DG MARE for its final release. Starting in 2011, it is expected that a similar report on the economics of the marine aquaculture sector will also be produced annually.
Detailed overviews of data coverage and data quality form essential parts of the economic reports by FISHREG. To the extent that missing data allow it, the reports include information on EU level trends and drivers of change. The material in the national chapters is mostly provided by the independent experts. Economic performance projections are envisaged for future issues to improve usefulness of these economic reports. In addition to providing information to policy makers, the Annual Economic Reports have proven to be useful for bio-economic modelling and for evaluating long-term management plans.
In recent years the calls for economic data on the fishing fleet collected information on parameters such as capacity, employment, effort, landings, other income, expenditure, capital and investments. The data were segmented by fishing gear, length category and "supra regions". The calls for economic data on fish processing collected information on parameters such as employment, number of enterprises, income, costs, capital and investments. Here the fish processors are enterprises whose main activity is declared as "Processing and preserving of fish and fish products" (NACE Code 15.20).
FISHREG is part of the Steering Committee of the project "European market observatory for fisheries and aquaculture products", designed by DG MARE to improve market intelligence for stakeholders and institutional decision makers.
Other relevant work completed in recent years include two cost-benefit analysis studies requested in the framework of work to reform fisheries control in 2009. The first study analyzed the impact of applying Vessel Detection technology (VDS) to supplement traditional air control means for fisheries enforcement and control and indicated contexts where VDS would be clearly beneficial. The second study study attempted to quantify the costs and benefits of changes to the application of Vessel Monitoring System (VMS), the Electronic Reporting System (ERS) and the Automatic Identification System (AIS) as in the proposed Council Regulation establishing a Community control system (extension of the use of these technologies to smaller vessels). Other relevant work completed includes modelling to help determine the optimal enforcement strategies (e.g. varying enforcement intensity and penalty levels) for specific fisheries (project COBECOS), advice on balance indicators to measure fleet capacity along a number of dimensions and input into the 2012 Reform of the CFP.
FISHREG has an interest in developing further its in-house economic analysis capacity.