Editing Economy of the Falkland Islands (section)

===License quota policy and revenue===
With the establishment of the FICZ, the Falklands Fisheries Department issued licences that enable foreign vessels to fish in Falklands waters.  Initially there were seven classes of licence, but as of the 2009 season, this was increased to ten classes of licence.  Each class of licence has its own characteristics – species or combination of species that may be taken, net sizes that may be used and seasons when the licence is valid. The main fishing areas are in waters that are up to {{convert|200|m}} deep with principal concentrations close to the confluence of the FOCZ, FICZ and EEZ to the north west of the Islands and also on the Burwood Bank – a shallow water to the south of the Islands.<ref name=FishReport/> Initially licences were issued on a total allowable effort (TAE) but in 2007, the toothfish longline fishery became the first fishery in the Falkland Islands to be issued on a total allowable catch (TAC) basis.<ref name=FishReport/>
Apart from the Islander's own fleet, the principal fishing fleets come from [[Spain]], [[South Korea|Korea]] and [[Taiwan]].  When the Falkland Islands first opened up her waters, the [[Poland|Polish]] fishing fleet had a presence as did the [[Japan]]ese, but the Poles stopped fishing in the area in the mid-1990s and the Japanese in the middle of the first decade of the twenty-first century.<ref name=FishReport/> By 2002 the license revenue was so great that the island government had no debt and had built up more than £80 million in savings.{{r|browne20020317}}

Since 1993, the principal licence classes have been:
*A licence – Permits the taking of unrestricted fin fish during the first season
*B licence – Permits the taking of ''Illex'' squid.
*X licence – Permits the taking of Patagonian squid during the second season (''Loligo'').
*Y licence – Permits the taking of unrestricted fin fish during the second season (The Southern blue whitting and the Hoki in particular are classed as restricted finship).

'''Revenue from licence fees (£ millions)'''<ref name=FishReport/>
{| class="wikitable" style="text-align: center;"
|- bgcolor="#efefef"
!Licence type
!1989–1993<br>(Average)
!1994–1998<br>(Average)
!1999–2003<br>(Average)
!2004–2008<br>(Average)
!2009
!Average<br>1989–2009
|-
|B
|19.91
|12.45
|13.60
|4.09
|0.00
|11.92
|-
|X
|3.77
|3.58
|3.67
|1.70
|1.94
|3.12
|-
|Y
|0.80
|2.08
|1.80
|3.07
|4.24
|2.05
|-
|Others
|1.70
|3.67
|4.87
|4.65
|4.67
|3.76
|-
|Total
|26.18
|21.78
|23.93
|13.51
|10.85
|20.85
|}