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Indonesia's fisheries not managed efficiently September 12,2019   |  Source: The Asean Post

Blessed with six million square kilometres of ocean territory, Indonesia’s fisheries industry could make a larger contribution to its economy if better managed. Southeast Asia’s largest economy is the world’s second largest fish producer after China. The fisheries sector contributed over US$26.9 billion – or around 2.6 percent – to Indonesia’s gross domestic product (GDP) last year; a larger contribution compared to the fisheries sectors of its regional peers such as China, the Philippines, Malaysia and Thailand.

However, for a variety of reasons, Indonesia’s fisheries sector has been unable to meet both, its production and export targets since 2015. While fisheries contributed to export earnings worth around US$4.1 billion in 2017, the World Bank notes that improvements to Indonesia’s fisheries management would add value of up to US$3.3 billion per year within 10 years.

Combined with an article from the United Nations Industrial Development Organisation (UNIDO) which states that the country loses more than US$7 billion worth of seafood a year due to wastage, and it is obvious Indonesia can do a lot more to harness the full potential of its marine resources – especially as 19 million Indonesians, or around eight percent of its population, are classified

Theme(s): Others, Landing Centres, Freshwater ecosystems and threats, Fishing Craft, Gear and Fishing Methods, Coastal Ecosystems and Threats, Communities and Organisations, Fisheries Development and Aquaculture, Post Harvest Technology and Trade, Fisheries Resources.

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