Term:
Individual transferable quota (ITQ)
Definition:
Individual transferable quota (ITQs) and individual transferable share quotas (ITSQs) explicitly limit the fish that a fleet can harvest from a fishery and assign tradable shares of the total catch to the participants in the fishery. ITQs have been found to have been effective at managing capacity in the fisheries to which they have been applied because they are self-adjusting with regard to capacity.
Domain:
Fishery
Source:
FAO Technical Guidelines for Responsible Fisheries, Rome, 2008.