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Fisheries in Africa, the Caribbean and Pacific – Immense opportunities, critical challenges by Viwanou Gnassounou September 13,2017   |  Source: IPS

Fish is big business. The latest figures show that more than 165 million tonnes of fish are either captured or harvested in a year, with each person consuming more than 20kg of fish annually, according to the world average. Roughly US$ 140 billion worth of fish is traded globally per annum, with millions of people relying on jobs in fishing and fish-farming, not to mention the seafood industry which involves processing, transport, retail and restaurants.

The fisheries and aquaculture sector is also crucial to reducing poverty and eliminating hunger. This is particularly true for Least Developed Countries and Small Island Developing States, the vast majority of which are members of the African, Caribbean and Pacific Group of States (ACP). ACP countries export as much as $US 5.3billion annually, with fisheries products making up half the total value of traded commodities in some countries.

Yet despite its undeniable importance, the sector faces severe challenges.

For a start, nearly a third of the world’s assessed fish stocks are overfished, undercutting nature’s ability to give high yields in the long term. Illegal, Unregulated and Unreported (IUU) fishing and overcapacity of fishing fleets are two of the biggest culprits, with IUU haemorrhaging billions in revenue

 

© Copyright © 2017 IPS-Inter Press Service

Theme(s): Fisheries Development and Aquaculture.

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