A statement from its Embassy in Suva today said the significant package ‘exceeds the benchmarks articulated by Pacific Islands Leaders.’
Key issues pushed by Pacific in the negotiations were the fishing opportunities afforded to the U.S. purse-seine fleet in waters under the jurisdiction of the Pacific Island Parties and the overall financial package. On June 22, at the most recent negotiations in New Zealand, the United States and the Pacific Island Parties reached agreement on this critical issue, said the U.S Embassy statement. The U.S has now agreed to provide USD 63 million annually to the Pacific Island Parties over the next 10 years, for a total of USD 630 million.
In addition, a payment per vessel day that is more that 50 percent, higher than the USD 5,000 per day regional benchmark price established by Parties to the Nauru Agreement (PNA). The U.S will also pay a 17 percent return on the value of the fish caught by U.S. vessels licensed under the Treaty under current conditions, which it says exceeds the 10 percent average rate of return desired by Pacific Island Leaders.
It will also pay fair compensation for fishing opportunities in the waters under the jurisdiction of non-PNA States. “This agreement on the overall financial package is a significant advancement in the negotiations, and creates a strong foundation on which the United States and our Pacific Island partners can continue to build a prosperous and sustainable future for the peoples of the Pacific region.”
“The United States looks forward to working with the Pacific Island Parties to address remaining technical issues and to reaching an early agreement to extend the Treaty,” said the U.S statement. Since 1988, the United States’ tuna purse seine fleet has operated in the Western and Central Pacific under the terms of a Treaty with 16 independent States of the Pacific Forum.
This mutually beneficial Treaty arrangement has provided unique access to Pacific fisheries for the U.S. tuna fleet and has served as a vehicle for the Pacific Island Parties to receive hundreds of millions of dollars in revenues, U.S. Government economic development funding and assistance with sustainable fisheries management and combating illegal fishing. The United States is working closely with the Pacific Island Parties to negotiate an extension of this important Treaty beyond the current period, ending in June 2013.
(seafood.vasep.com.vn) In the first four months of 2026, Mexico, Brazil, and Colombia together contributed USD 108 million to Vietnam’s pangasius exports, accounting for around 15% of the industry’s total export turnover. Amid tightening global whitefish supply and slowing demand in several traditional markets, Latin America is increasingly becoming an important expansion destination for the sector.
(seafood.vasep.com.vn) Alongside the development of high-tech shrimp farming, Ha Tinh Province is accelerating the cultivation of high-value freshwater aquatic species, with red tilapia emerging as an effective and sustainable farming model.
(vasep.com.vn) Vietnam’s tuna exports reached USD 81 million in April 2026, down 6% compared to the same period in 2025. In the first four months of the year, export turnover totaled USD 289 million, down 4.8%. Although the overall export picture has yet to brighten significantly, market trends are becoming increasingly diversified rather than moving in a single direction.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is undergoing strong restructuring starting from the broodstock and fingerling segment in order to improve productivity, quality, and export competitiveness. This is considered a critical foundation for the sustainable development of the industry amid rising production costs and increasingly stringent market requirements.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.
(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.
(seafood.vasep.com.vn) In Vinh Tuy commune (Kien Giang Province), many shrimp farmers are adopting bottom aeration systems and reporting clear economic benefits, helping increase income and reduce production risks.
(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.
(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
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