Tuna fisheries

The Parties to the Nauru Agreement (PNA) and WWF are celebrating the rollout of observer electronic reporting tools - through the new Observer eReporting App - that will reduce Illegal, Unreported, and Unregulated (IUU) fishing and bolster supply chain transparency and traceability in the Western and Central Pacific tuna fisheries.
 

The idea behind the vessel day scheme is that by putting a cap on the total number of fishing days available in PNA waters, demand from fishing vessels would bid up the price of each day.

In the past four years returns from the vessel day scheme have quadrupled but now the US fleet says it has to return days already sold under the US Tuna Treaty because it can’t afford to fish.

In the last 18 months catches have hit new records but with so many fish being taken prices have dropped dramatically.