SOLOMONS SIGN JAPANESE TUNA AGREEMENT

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HONIARA, Solomon Islands (SIBC, Oct. 10) – The Solomon Islands government expects to get additional revenue for the fisheries sector in the remaining months of 2004 and for 2005.

This follows the recent signing of an agreement between the Solomon Islands Government and the Japanese Tuna Association.

Minister of Fisheries, Paul Maenu'u signed the agreement on behalf of Solomon Islands government, while the Japanese government signed for the Japanese Tuna Association.

The signing of the agreement was concluded following the recent Bilateral Consultation with the Tuna Association of Japan and Korea in Suva, Fiji.

The Ministry of Fisheries says under the agreement, the government will collect additional revenue which is over and above revenue due under the normal bilateral fisheries access arrangements with Korea, Taiwan, the Federated States of Micronesia arrangement and the United States multilateral Fisheries Treaty.

Minister Maenu'u says he was pleased with the outcome of the consultations and saw it as part of his department's efforts towards revitalizing fisheries sector, in offering potential for sustainable economic returns.

October 11, 2004

Solomon Islands Broadcasting Corp.: www.sibconline.com.sb

 

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