In 1988 the South Pacific Tuna Treaty was established to provide aid and development to the island nations, in return for US access to the Western and Central Pacific Ocean’s tuna resources.
Last year, Papua New Guinea threatened to withdraw from the agreement, forcing the 18 parties left to take a fresh look at the agreement.
Elke Larsen, a researcher for the Centre for Strategic and International Studies Southeast Asia Programme and the Pacific Partners Initiative has suggested several reasons for its collapse - the first being the treaty's failure to adapt to conservation measures.
The Pacific fisheries provides more than 50 per cent of the global catch. Limiting the number of fishing vessels proved ineffective in the treaty's early days, as boat capacity increased.
In more recent years, the Vessel Day Scheme (VDS) was introduced, which limited fishing efforts by capping the number of days that tuna vessels could operate. Whilst this has become a standard operating procedure for Pacific tuna, the South Pacific Tuna Treaty has not fully adopted it.
Secondly, the treaty has not adapted to an increase in the price of tuna. According to the treaty’s original terms, the United States pays $21 million in aid and rent, equivalent to $1,800 per fishing day under the VDS, a sum that is below market value considering that Japan pays an average of $6,050 per fishing day.
The failure of the treaty, Ms Larsen says, cannot be placed solely upon the US. In fact the US has demonstrated a willingness to change the treaty's terms by requesting a new VDS framework, copies of bilateral agreements concluded under the VDS and the amount of additional aid needed to maintain the treaty.
The South Pacific Tuna Treaty is currently being renegotiated, with the latest round of talks held on 27 February in Hawaii. Negotiations to date have been successful.
Papua New Guinea’s requirement that the US agree to pay $45 million to rejoin the negotiations has been met and during earlier talks the US offered $58 million for 9,000 fishing days ($6,444 per day) – significantly closer to the islands’ demand for $60 million for 7,000 fishing days.
The next round of talks between the Pacific countries and the US will be held in New Zealand in June. It is expected that the US will increase the financial package to $65 million for 9,000 fishing days. However, the Pacific bloc may put up a tough fight and only accept $65 million for 7,500 fishing days.
Which party will move on the number of fishing days is uncertain, however, this ongoing uncertainty about the number of days to be made available to the US appears to be complicating the Pacific Islands' decision making with regard to other fleets.
(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.
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