Palau sells tuna fishing days to RD Fishing Group
Palau, a member of the Parties to the Nauru Agreement, which allocates tuna fishing quotas under its vessel-day scheme (VDS), is selling a portion of its fishing days to Filipino firm RD Fishing Group.
The PNA controls the world's largest sustainable tuna purse-seine fishery. The PNA’s VDS for purse-seiners sets a limit on the number of fishing days allowed in the region, requires an independent fisheries observer on board and the collection of detailed catch data, and includes an annual three-month moratorium on the use of fish-aggregating devices (FADs) and in-port transshipment for further monitoring.
RD Fishing Group, based in General Santos, The Philippines, has the largest fishing fleet in General Santos City, which is known as the “Tuna Capital of the Philippines,” according to the PNA.
Palau Minister of Natural Resources, Environment and Tourism Umiich Sengebau announced the agreement, according to the PNA.
Sengebau did not specify how many days his country sold to RD Fishing Group, but said the company is the first firm based in The Philippines to buy fishing days from Palau.
Palau earns more than USD 5 million (EUR 4.1 million) annually from its tuna fishing days, according to the PNA.