Agenda item 7.4 For decision

• Other Authors: The Pennsylvania State University CiteSeerX Archives
• Format: Text
• Language: English
• Subjects: Atlantic salmon
• Online Access: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.433.6937; http://www.nasco.int/pdf/socioeconomics/se_rep2008.pdf

and economic aspects of the wild Atlantic salmon (see documents CNL(03)18 and CNL(04)23 respectively). These meetings resulted in the development of:- a listing of all the elements making up the wild Atlantic salmon’s economic value and impacts;- broad guidelines on the type of economic analysis that would be needed to produce estimates of value and the data required;- guidelines for incorporating social and economic factors in decision under the Precautionary Approach CNL(04)57. 2. It is clear from the information presented at these technical Workshops that the Atlantic salmon has many aspects to its value and that, in addition to the values associated with the fisheries, the salmon is a highly prized species and an indicator of environmental quality. This ‘existence value ’ of the wild salmon, although rarely quantified, may greatly exceed the values associated with the commercial and recreational fisheries, because of its iconic status with the general public. NASCO’s guidelines (CNL(04)57) were intended to assist administrators and decision-makers by ensuring that the long-lasting and widespread values associated with the wild Atlantic salmon are fully incorporated and given due weight in decisions in relation to management of the resource and its habitats.