New Zealand Allocates Nearly $50 Million for Pacific Fisheries Development
The New Zealand Government has pledged nearly $50 million (PGK 116.8 million) to support the advancement of fisheries in the Pacific over the next four years. This announcement was made on Tuesday, July 23, by Foreign Minister Winston Peters and Oceans and Fisheries Minister Shane Jones.
Peters emphasized that this substantial financial commitment reflects New Zealand's dedication to aiding Pacific nations in the enhancement and preservation of their fisheries, which are crucial to the region's economic health and sustainability. He noted that the support is aligned with recommendations from a New Zealand Parliament inquiry into illegal, unregulated, and unreported (IUU) fishing, aimed at bolstering the capacity and effectiveness of monitoring and combating illegal fishing activities.
The funding package was unveiled by Jones at a regional ministerial fisheries conference held in Honiara. He highlighted the significance of this support for the resilience and sustainability of Pacific countries, stressing that fisheries are a crucial revenue source for several nations in the region. Jones reiterated New Zealand’s ongoing commitment to the Pacific, noting that this financial support will address essential next steps in strengthening the region's fisheries.
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