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 six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A Story from Cà Mau’s Coast It’s 5 AM in Cà Mau. Minh, a third-generation fisherman, is ready to set sail. But unlike his father and grandfather, his boat no longer runs on an old diesel engine that burns fuel and clouds the sky with smoke. Instead, it’s powered by a hybrid engine that saves 40% fuel—funded by an ESG program from a major seafood exporter.
(seafood.vasep.com.vn) Vietnam's pangasius industry is shifting its focus from increasing production volume to enhancing value-added products in order to meet the increasingly stringent requirements of export markets. In An Giang Province—the country's leading hub for pangasius farming and processing—businesses and farmers are prioritizing product quality, traceability, food safety, and sustainable development rather than expanding output.
(seafood.vasep.com.vn) Following strong growth in 2025, Vietnam’s tuna exports to Sweden continued to edge higher during the first five months of 2026. However, the picture is far from straightforward. Orders have fluctuated significantly from month to month, indicating that this market remains cautious, with purchasing decisions closely tied to actual demand and the import cycles of Nordic distributors rather than to a steady upward trend.
(seafood.vasep.com.vn) China’s shrimp imports in the first five months of 2026 continued to surpass the same period in 2025, indicating that demand in the world’s largest seafood-consuming market remains strong. However, behind the growth figures lies an increasingly competitive landscape: Ecuador dominates the competitively priced whiteleg shrimp segment, India remains the second-largest supplier, while Vietnam stands out in the lobster segment but still needs to strengthen its advantages through quality, traceability, and reliable supply.
(seafood.vasep.com.vn) Lobster exports to China continued to surge in the first half of this year, putting the lobster industry on the verge of reaching an export value exceeding $1 billion.
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