The domestic tuna summit is followed bya Tuna Fisheries Policy Reform Symposium and a Parties to a Nauru Agreement and World Tuna Processors meeting.
The domestic tuna symposium discussed the country’s tuna policy reform which according to Nanette Malsolsummit organizer thatfishing is extensive but Palau cooperation is limited.
A Task Force was earlier formed to produce a “roadmap for domestication of the tuna industry as a means for revenue generation and to maximize economic returns from exploitation of tuna and other highly migratory fish stock harvested in Palau’s 200 mile Exclusive Economic Zone.”
The symposium is part of the task force’s task which is to sponsor a public forum on tuna fisheries.
The tuna industry in the region is a multi –billion industry , approximately $4 billion,but the region is getting a dismal profit from it.
The PNA said that the Pacific tuna fishery has a total access revenue of $60 million or a five percent of the traditional value annually.
In Palau , revenues generated from the tuna industry comes in the form of fish exports and vessel license fees From fish export, Palau receive less economic revenues.
The Palau government imposes a vessel licensing fee ranging from $3,000 to $5,000 a year while it implements an export tax of 35 cents per kilo.
From the symposium or as a result of the task force’s work, Palau can set a legislative framework on how the country can earn more from the industry.
The symposium also discussed identifying management and enforcement gaps prospects for future cooperation and an overview of the domestic tuna industry in Palau.
Palau will host the historic summit which will be a gathering of the head of states to make commitments incontrolling the tuna industry which President Johnson Toribiong considers a “ new gold” of the region.
To attend the summit areToribiong, Republic of the Marshall Islands president Iroij Jurelang Zedkaia, Federated States of Micronesia presidentEmmanuel Mori, Nauru president Marcus Stephen, Kiribati president Anote Tong, Solomon Islands Prime Minister Dr. Derek Sikua and Prime Minister of Tuvalu Apisai Ielemia.
Papua New Guinea Prime Minister Michael Somare will be represented by his Resources and Trade Minister Ben Semri.
The goal of the summit is to establish an OPEC –type body, the OPEC is in reference to the Organization of Petroleum Exporting Countries .
Palau-tuna2-24
National tuna policy symposium kicks off
By Bernadette H. Carreon
For Variety
KOROR (Palau Horizon) – A National Tuna Policy Symposium kicked off yesterday as a prelude to the first ever president summit to set in place an OPEC-style organizationto ensure tuna sustainability in the region.
The domestic tuna summit is followed bya Tuna Fisheries Policy Reform Symposium and a Parties to a Nauru Agreement and World Tuna Processors meeting.
The domestic tuna symposium discussed the country’s tuna policy reform which according to Nanette Malsolsummit organizer thatfishing is extensive but Palau cooperation is limited.
A Task Force was earlier formed to produce a “roadmap for domestication of the tuna industry as a means for revenue generation and to maximize economic returns from exploitation of tuna and other highly migratory fish stock harvested in Palau’s 200 mile Exclusive Economic Zone.”
The symposium is part of the task force’s task which is to sponsor a public forum on tuna fisheries.
The tuna industry in the region is a multi –billion industry , approximately $4 billion,but the region is getting a dismal profit from it.
The PNA said that the Pacific tuna fishery has a total access revenue of $60 million or a five percent of the traditional value annually.
In Palau , revenues generated from the tuna industry comes in the form of fish exports and vessel license fees From fish export, Palau receive less economic revenues.
The Palau government imposes a vessel licensing fee ranging from $3,000 to $5,000 a year while it implements an export tax of 35 cents per kilo.
From the symposium or as a result of the task force’s work, Palau can set a legislative framework on how the country can earn more from the industry.
The symposium also discussed identifying management and enforcement gaps prospects for future cooperation and an overview of the domestic tuna industry in Palau.
Palau will host the historic summit which will be a gathering of the head of states to make commitments incontrolling the tuna industry which President Johnson Toribiong considers a “ new gold” of the region.
To attend the summit areToribiong, Republic of the Marshall Islands president Iroij Jurelang Zedkaia, Federated States of Micronesia presidentEmmanuel Mori, Nauru president Marcus Stephen, Kiribati president Anote Tong, Solomon Islands Prime Minister Dr. Derek Sikua and Prime Minister of Tuvalu Apisai Ielemia.
Papua New Guinea Prime Minister Michael Somare will be represented by his Resources and Trade Minister Ben Semri.
The goal of the summit is to establish an OPEC –type body, the OPEC is in reference to the Organization of Petroleum Exporting Countries .
