Pacific Island countries need policy change to increase local industry development to create economic growth. Currently local fishing industry has low numbers of jobs, poor earnings from employment and a low impact on poverty alleviation and food security. For example, Pacific Islands countries catch just $200 million worth of tuna from its fisheries while foreign nations fishing in the same waters catch over $1 billion.
In this Policy Brief originally published as part of a collection of four externally contributed articles in the July Pacific Economic Monitor of the Asian Development Bank, FFA's Chris Reid, Alice McDonald and Leonard Rodwell conclude their report noting that Agency member nations are continuing to develop and implement policies at the regional and subregional levels in order to implement rights-based management systems
Fisheries is a critical sector for food security and economic growth in the Pacific region but despite this, the sustainable development of the industry and effective management of this precious resource has been hampered by the lack of accurate and up-to-date data.
Increasing employment in the fisheries sector is a key goal set by Pacific Forum Leaders in 2015, via the Future of Fisheries Roadmap for Sustainable Pacific Fisheries and Report Cards. The Roadmap identifies seven clear goals for oceanic and coastal fisheries which member states have committed to achieve over the next ten years. Among them is the important
6 October, 2015, FFA RFSC, Honiara SOLOMON ISLANDS –The Pacific Islands Forum Fisheries Agency (FFA) has commended the "inspirational" achievement of Papua New Guinea with the EU lifting of its yellow card tuna exports status this month.
The EU market-- the world’s leading recipient of tuna, has stringent rules on processing ensuring safety for consumers, and sourcing rules to ensure fish were caught in compliance with fishing rules and reporting processes. The EU market is the largest recipient of PNG’s tuna, valued at around 140mUSD annually.