Starbulletin.com



Pacific island nations
want more tuna profits


APIA, Samoa >> Pacific island nations have agreed to press Asian, American and other foreign fishing fleets for a greater share of the $2 billion-plus annual tuna catch in the South Pacific, officials said.

Leaders of the 16-nation Pacific Islands Forum agreed over the weekend to "considerably" boost tuna revenues, said Samoan Prime Minister Tuilaepa Sailele Malielegaoi.

Pacific island states only get 5 percent to 8 percent of the annual catch of 1 million tons of tuna -- worth more than $2 billion -- in the region's waters, said Feleti Teo, director of the Forum Fisheries Agency.

Revenue from tuna fishing is a primary income source for many small South Pacific countries, he added.

About 1,000 foreign, mainly Asian, vessels are registered with the agency to catch tuna in the South Pacific.

— ADVERTISEMENTS —

— ADVERTISEMENTS —


| | | PRINTER-FRIENDLY VERSION
E-mail to Business Editor

BACK TO TOP


Text Site Directory:
[News] [Business] [Features] [Sports] [Editorial] [Do It Electric!]
[Classified Ads] [Search] [Subscribe] [Info] [Letter to Editor]
[Feedback]
© 2004 Honolulu Star-Bulletin -- https://archives.starbulletin.com


-Advertisement-