25 Jan 2010

Cooks lowers fishing license fees

7:31 am on 25 January 2010

The Cook Islands fishing industry is to be helped to overcome the current slump it's experiencing and decline in fish stocks in southern group waters with a reduction in annual licensing fees.

The revised license fee structure means that vessels less than 20 metres which are based in Rarotonga or Aitutaki will now pay 1,400 US dollars for a one year license - down from 3,500 US dollars.

The Deputy Prime Minister and Minister for Marine Resources Robert Wigmore says he is aware that the fishing industry is experiencing the ongoing effects of the recent recession, and the detrimental impacts that inflated operating costs continue to have on our local small boat owners.

He says the new the fee structure will be effective immediately.