Thai Union signs up to help fight income inequality, IUU fishing

Published on
March 16, 2016

Thai Union Group’s president and CEO Thiraphong Chansiri recently signed a memorandum of understanding on behalf of his company, effectively establishing the group’s cooperation and support with the Thai government’s ‘Civil State Policy.'

The Civil State Policy looks to improve fisherman’s quality of life by reducing income inequality, lifting employment and income rates. Ultimately, the policy looks to build “capacity for civil societies,” according to Thai Union.

Signing for the government were Vinaroj Supsongsuk, director general of the Cooperative Promotion Department, and Wirat Iam-Ua-Yut, chairman of the Fishery Cooperatives Federation of Thailand. 

Officials anticipate that the agreement will reduce the likelihood of illegal, unregulated and unreported (IUU) fishing, and according to the Thai Union press release, as a result of the agreement, more than THB 50 million (USD 1.42 million, EUR 1.28 million) in value is expected to be added to aquatic animal farming in Thailand, lessening operational costs for more than 3,000 fish farmers.

The document was signed among Cooperative Promotion Department located in Bangkok, Thailand.

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