Saturday, May 30, 2015   

Pacific nations look to increase tuna fishing fees
(06-12 11:18)

Pacific island nations announced plans Thursday to dramatically increase the fees they charge tuna fishing boats for the right to enter their waters, saying it will boost revenue and help conservation efforts.
Around half the world's skipjack tuna, the most commonly canned variety, is caught in waters belonging to an eight-nation group known as the Parties to the Nauru Agreement (PNA), which opened its annual meeting in Majuro on Thursday.
Much of the fishing is conducted by so-called "distant water'' fleets from as far afield as Europe, the United States, China, South Korea, Japan and Taiwan, who pay US$6,000 a day for the privilege.
Marshall Islands President Christopher Loeak said a plan by PNA nations to lift the day rate to US$10,000 in 2015 would help them improve management of a vital natural resource and ensure it was sustainable.
The fee system had allowed Pacific nations to increase earnings from their tuna fisheries from US$60 million in 2010 to more than US$240 million last year, he said.
"The PNA has shown how valuable the tuna resource is,'' Loeak said Thursday.
"The need for enhanced, closer cooperation has never been more crucial if we want to continue reaping economic gains from our tuna resources.''
The PNA allocates 50,000 fishing days a year to tuna boats, with demand high from both international and local operators.
The PNA comprises Papua New Guinea, Solomon Islands, Palau, Federated States of Micronesia, Kiribati, Nauru, Tuvalu and Marshall Islands. --AFP   
Other World breaking news:
(Fifa elections) Police respond to bomb alert (05-29 19:31)
(Fifa elections) Qatar migrant worker abuse takes spotlight (05-29 19:30)
Enraged and armed Filipino soldier holds up tour bus (05-29 19:16)
(Fifa elections) Blatter points finger at Russia and Qatar as root of graft scandal (05-29 17:40)
(MERS virus) South Korea reports three more infections (05-29 17:28)
(Football graft) Tainted Philippine official’s travel barred (05-29 17:22)
(Fifa elections) Blatter pleads for a steady ship (05-29 17:17)
(Fifa elections) Germany wants Russia, Qatar World Cup vote re-run if tainted (05-29 17:10)
Siri at your service to fix iPhone bug (05-29 17:04)
(Fifa elections) Protester demands red card to Israeli racism (05-29 16:39)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.