24 Feb 2010

Pacific leaders summit in Palau to look at tuna industry

11:45 am on 24 February 2010

A high-level Pacific leaders summit in Palau tomorrow is expected to green light plans for creating an Organization of Tuna Exporting Countries, OTEC.

The plans are aimed dramatically increasing revenue earned by islands that control where a majority of the 4 billion US dollar annual tuna haul is caught.

Palau President, Johnson Toribiong, is hosting a presidential summit for eight heads of state from the islands known as the Parties to the Nauru Agreement, PNA.

The new Director General of the PNA secretariat says the leaders are expected to give the new PNA office, based in the Marshall Islands, the green light to find options for how best to achieve the OTEC plan

Dr Transform Aqorau says political leaders coming together to talk about fisheries is a major achievement.

He says the primary goal of the PNA countries is to reduce the level of fishing to increase the value of the resource to the islands.

Countries in the PNA are Papua New Guinea, Solomon Islands, Palau, Federated States of Micronesia, Nauru, Marshall Islands, Kiribati and Tuvalu.