Gonzalo Pereira, Director of IFOP, Attends Launch of New Fisheries Fractionation Law

Today, July 10, 2025, at the Palacio de la Moneda, the President of the Republic, Gabriel Boric, signed into law the new Fisheries Fractionation Law.

The ceremony was attended by the President of the Republic, the Minister of Economy, Nicolás Grau, the Undersecretary of Fisheries, Julio Salas, members of the Senate and Chamber of Deputies Fisheries Committees, heads of services, leaders, and artisanal fishers.

Law 21,752, published in the Official Gazette on June 25, 2025, contemplates a new distribution scheme for global catch quotas for 23 commercially important national fisheries, projecting a net redistribution from the industrial to the artisanal sector of approximately 150 billion pesos annually.

The new regulations also strengthen oversight, as they toughen penalties for illegal fishing and establish that industrial companies that commit serious violations of the General Law on Fisheries and Aquaculture will not be eligible for quota increases through dynamic fractionation.