Implementing fishery fiscal reform may be a difficult exercise. One of the reasons why economists have often rejected tax (or, more accurately, royalty) based approaches to fisheries management is because of the apparent political difficulties that they would entail despite their undoubted attraction from a purely economic viewpoint (Munro, 1993). There are increasing signs however that countries, particularly developing ones, are managing to overcome these difficulties (e.g. Vetemaa et al, 2002).