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PORT MORESBY, Papua New Guinea (February 29, 2000 – Radio Australia)---After a two-year break, Taiwan has renewed a fishery agreement with Papua New Guinea, leading to a resumption of Taiwanese commercial fishing of skip jack tuna and other fish in PNG's fishing grounds.

The agreement was formally signed by Papua New Guinea's Fishery and Resources Minister Ron Ganarafo and Wu Chuan-hu, a board member of the Taiwan Deep Sea Tuna Boat Owners and Exporters Association.

Under the renewed pact, PNG allows Taiwanese fishing boats access to its fishing grounds with no operational restrictions or quota limits, at a cost of about $120,000 per vessel per year.

Mr. Wu said that prior to the hiatus, waters near PNG had been one of the most important fishing grounds for Taiwan's ocean-going fishing fleet.

He praised the new agreement as a win-win solution for both countries.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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