LAUSR

Abstract This study compares the performance of the industrial deep-sea shrimp trawl fishery in the Colombian Pacific prior to (year 2012) and following (year 2018) important management reforms (2013–2017 period) aligned with the FAO Code of Conduct for Responsible Fisheries. The Fishery Performance Indicators (FPIs) methodology was applied to examine changes in the ecological, economic and social outcomes brought about by the reforms (e.g. spatial-temporal fishing closure). The analysis revealed that regulatory reforms improved ecological performance through increases in stock size and reduction of bycatch. Positive social outcomes were also observed as food security and improving of local labor status. In addition, resource rents were partially restored with positive impacts reverberating through the supply chain. However, economic performance is still constrained by high operating costs, inefficient harvest technologies and low product value. Adjustments to the management system were grounded on scientific advice but also benefited from substantial feedback from the artisanal and industrial fisheries, i.e., co-management, which contributed to the overall success of the reform process.