Legal issues concerning legal origin of seafood still can be a headache for buyers dealing with some Russian fishery companies. It seems like this long lasting concern can soon be improved.
?As I recently learned, the Russian government plans to introduce mandatory certificates that would prove a legal origin of seafood caught by Russian fishing companies and shipped to the countries of the Asia-Pacific region. Apart from resolution of the legal concerns, this law can bring about USD 1 billion of additional revenue into the Russian Federation state budget.
?The system of compulsory catch certification, used in the North Atlantic region, has proven its effectiveness, so a similar practice will be taken as a pattern to extend it into the Far East region. For instance, Japan and China are negotiating terms of such agreements at this moment as well.?
The implementation of the catches origin certificates will allow to avoid approximately 140 thousand metric tons of various aquatic bio-resources from an illegal turnover, particularly valuable fish, crab, and sea urchin.
