Ex-Parties to the Nauru agreement CEO says fish money wont last

eight_col_transform_aqorauMembers of the Parties to the Nauru agreement are reaping large returns off fishing vessel licenses but the PNA says the windfall won’t last forever. The eight member countries of the PNA and Tokelau employ a vessel day scheme which charges foreign ships at least US$8,000 a day to fish in their waters. High demand for the limited number of fishing days has sparked a bidding war between companies with some paying as much as US$16,000 per day. The outgoing CEO of the PNA, Transform Aqorau, said the demand reveals the value that could be obtained from fisheries but it would not last forever. Dr Aqorau also adds those who want to change the vessel day scheme should think carefully. Read the rest here 11:58

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