Impact of presidential decree number 44 of 2016 on sustainable fisheries at archipelago state

The purpose of this study is to analyze the impact of the Presidential Regulation (Perpres) Number 44 of 2016 on sustainable fisheries. Presidential Decree No. 44 of 2016 concerning business fields closed to foreign investment in Indonesia. In the results of the analysis using the models: linear trend, quadratic and exponential. Result analyzed indicated that the most suitable model is the quadratic model. The quadratic model is related to the nature of fish resources. The Gordon-Schaefer model states that fisheries with an open access management regime will lead to economic inefficiency. To prevent this economic inefficiency, several economic instruments must be applied, such as limiting efforts and quotas. One of the instruments for limiting fishing efforts is through Presidential Regulation no. 44 of 2016. Limiting efforts is positive impact for local fisherman. For example, since the foreign vessels banned from operating, small bitung fishermen, they could catch 3-6 tunas per day in 2019. In 2014, they had only been caught 1-3 tuna per day. Investment waste in a sector will eliminate the potential economic rents of fish resources. Investment waste in capture fisheries should be used for fish processing activities and aquaculture activities that will provide added value.