11 Oct 2004

Solomon Islands benefit financially from fisheries agreement

4:54 pm on 11 October 2004

The Solomon Islands government expects to gain an extra 1-POINT-3 million dollars US dollars from the fisheries sector, after signing an agreement with the Japanese Tuna Association.

The revenue will be collected in addition to the income received from existing bilateral fisheries access arrangements.

Such deals are already in place with South Korea and Taiwan, as there is an arrangement with the Federated States of Micronesia and the US Multilateral Fisheries Treaty.

The permanent secretary in the Ministry of Fisheries, Fred Ganate, says the deal is part of a plan to recover lost revenue.

"We are trying to revitalise the fisheries sector and in particular the tuna industry which has been lagging for the last several years. It is a step ahead. It will also ensure that we indicate and place a bit more control over our own resources."

Fred Ganate of the Solomon Islands Fisheries Ministry.