The aim is to protect what is the most valuable fishery resource caught in areas beyond national jurisdiction, considering catches of the most important tuna species alone are worth over $10 billion annually.
“Today’s decision sets the stage for action on a global scale that will address both an economic and environmental threat to one of the world’s most important commercial fish species,” said Global Environment Facility (GEF) CEO Naoko Ishii, who approved the project.
Funding for the implementation phase of the project will come from the GEF, an international institution uniting 183 countries to address global environmental issues and support sustainable development, which has approved funding.
GEF has committed $50 million in support of the program, leveraging an additional $270m of co-financing.
To date, $30m in GEF grants has leveraged more than $150m of co-financing in support of the project, which forms part of a broader multi-stakeholder initiative working to ensure that these resources are harvested in a sustainable way.
Partners range from long-time sustainability groups like the World Wildlife Fund US and the Marine Stewardship Council (MSC) to newcomers such as the Global Seafood Sustainability Initiative (GSSI). The tuna industry is also a supporter, the UN News Centre said.
“I am pleased that we are able to bring together both public and private partners in this project, which give us a fighting chance to work on a scale sufficient to reverse negative trends threatening the global tuna fishery and the ocean environment that sustains it,” Ishi said.
Some specific aims include management improvement on the high seas. This means conserving biodiversity of related ecosystems and species and reducing illegal catches of the highly prized fish.
Another aim is to change the fishing mentality on the high seas, said the FAO.
“High-seas fisheries support the food security and livelihoods of millions of people worldwide,” said Arni Mathiesen, FAO assistant director-general for fisheries and aquaculture.
“Through collective action at all levels and broad cooperation that optimizes the use of scarce resources, this project – and the wider Common Oceans initiative – will help move the world away from ‘the race to fish’ and towards implementation of an ecosystem approach,” said Mathiesen.
“This is crucial to ensuring the future well-being and productivity of these vital marine ecosystems. Early successes will create incentives for donors and agencies to further invest in these types of catalytic projects.”
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn