Maneniaru Underlined Need to Sustain Tuna Stocks

Tuna industry contributed Millions to SI economy

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Freshly caught tuna in the Solomon Islands. Photo Source: Filip Milovac:WorldFish:Flickr, CC BY-NC-ND.

BY ESTHER NURIA

THE time is vital for the Solomon Islands and the Pacific region to put in measures to ensure sustainable tuna stocks for the future.

Over the years the assessments on the tuna stocks in the region proved that by taking the right measures will help the region address issues of sustainable management of tuna resources, notably depleted stocks.

When speaking at the opening ceremony to mark the World Tuna Day at the National Museums’ Auditorium in Honiara yesterday, the Deputy Prime Minister and Minister for Fisheries and Marine Resources, Hon. John Maneniaru said that with the high demand for tuna globally, the resource needs to be sustainably managed.

“Today, with the high demand for tuna globally, the resource needs to be sustainably managed. This is important as our country takes a lot of revenue from this resource. Because of this resource many of our people can be employed (for example those who are currently employed by Soltuna and importantly tuna is a source of food and livelihood to our many, many coastal communities.”

“As stakeholders to this important resource, we need to align our commitments towards ensuring sustainability of our tuna stocks.”

He assured the nation as the Minister responsible for Fisheries he has dedicated himself to the development and sustainable management of tuna resources

As responsible Minister, I will collaborate with other stakeholders to ensure all Solomon Islanders receives maximum economic and social benefits from the country’s tuna resources.

The World Tuna day was commenced during the Parties to the Nauru Agreement (PNA) Minister meeting in 2011, and led to global recognition by the United Nations (UN) in December 2016.

The Statement of Central Bank of Solomon Islands

Central Bank of Solomon Islands (CBSI), statistic report stated that tuna contributed a high percentage of revenue income to Solomon Islands economy.

The industry’s contribution to Solomon Islands Government revenue on average is $260 million, which 90% of it comes from the fishing license. The tuna industry ‘s GDP is second to logging industry revenue income for Solomon Islands Economy.

When revealing the report, CBSI Statistical Analyst, Balance of payment Unit of Economics, Research, and Statistics Department Officer; Mr. Benjamin Kiriau said the report was based on the historical economic data for 2014 to 2018 shows that tuna industry’s contribution to Gross Domestic Products (GDP) is on average five percent.

“Fish exports contribution to total exports on average 11%. A positive correlation between the tuna and logging has depicted the significance contribution to the country’s total exports and overall economy in terms of foreign receipt earnings.

“Tuna production mostly from formal sector produces on average 30,467 metric tons,” Kiriau said.