Transparency needed in tuna industry

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Transparency needed in tuna industry

Sosial, Budaya, dan Demografi Administrator 01 Nov 2018 The Jakarta Post

This week, when conservationist from around the world gathered at the fifth annual Our Ocean Conference in Bali, the Federated States of Micronesia (FSM) untveilde a bold promisae and issued an even bolder challenge: full transparency in tuna fishing by 2023. In FSM, efforts are already underway to use this market position as a force for good. Fish like tuna are important global commodities, but the industry is in steep decline. By committing to full transparency and pushing private partners to do the same, FSM will send a powerful signal that sustainable gishing prectices are urgently needed to protect this crucial species. FSM already know that cooperation and conservation can reap big rewards. For example, since PNA-member states launched the Vessel Day Sceme in 2007 - which sets limits on fishing by foreign fleet - their annual tuna earnings have increased from about $60 million to more than $500 million. The Commitment to full transparency and the launch of a CDQ- type initiative for PNA states are intended to leep more tuna wealth in the Pacific. By promoting better, fishing practice, we can increase regional revenue flowes to rebuild and restore fisheries, boost food and job security, and strengthen resilience to climate change.