MANILA STANDARD
General Santos City--The country will continue to enjoy fishing privileges in Indonesian waters following the signing of a five-year extension of an agreement between the two countries yesterday.
The fishing agreement effectively extended the country's access to Indonesian fishing grounds until 2011.
Agriculture Secretary Domingo Panganiban and Indonesian Minister of Marine Affairs Freddy Numberi signed the new accord.
"The tuna industry means a lot to the Philippines and the document we signed means a lot to the Filipinos, from the fishing crew to the Philippine fishing operators, to the fish processors and traders and exporters," Panganiban said.
It took the Philippine negotiating team a year and two failed bilateral talks to extend the contract for another five years. The Philippines entered into a one-year interim contract with Indonesia prior to the signing of the new agreement .
The new contract replaced the one-year interim agreement set to expire on Nov. 11 this year.
The previous agreement signed in 2002 allowed Filipino fishing vessels to harvest tuna and tuna-like species within the Indonesian Exclusive Economic Zone (EEZ).
It gave licenses to 75 catcher vessels, 150 fish carriers, 20 long liners, 300 light boats and 10 single purse seiners, and allowed access to the Pacific and Indian Ocean areas of the Indonesian EEZ. It also provides offloading and resupply access to 10 Indonesian ports.
Marfenio Tan, president of the Socsargen Federation of Fishing and Allied Industries Inc., said additional provisions in the fishery pact will be discussed in 2007, which includes parameters for joint venture deals.
The new agreement covers new areas of cooperation in aquaculture; marine capture fisheries through joint venture; postharvest, fish processing development and marketing; coastal management and development; marine fisheries conservation; combating illegal, unreported and unregulated fishing practices; research activities; education and training and environmental protection.
Panganiban said the new fishing pact would help the local tuna industry compete against other tuna fishing fleets in the region.
"It will also help the industry comply with the emerging restrictive trade regulations that pose a threat to out tuna exports in major markets such as the European Union and the United States," Panganiban said.
Local fish processors export tuna to Europe, US, Japan and neighboring countries. Tuna accounts for about 12 percent of the country's total fish production, bringing $280 million in annual exports, mostly in the form of canned tuna, high-value sashimi tuna and tuna steaks.
Total annual tuna catch was estimated at 400,000 metric tons. The industry generates more than 100,000 jobs. The Philippines ranks second in tuna catches in the world, next to Taiwan and fifth in terms of canning with US in the lead, followed by Thailand, Spain and Italy.
Source:
Manila Standard
PowerPR alert on Indonesia
- ‘UNIQLO Goes to School’ Bekali Siswa di Surabaya Memasuki Industri Ritel - 8/28/2017
- British Company Churchill Mining Plc Published False Information And Blackmails Indonesian Government - 10/18/2012
- Indonesia Stands Firm in Churchill Mining Dispute - 9/26/2012
- Indonesia vs Churchill Mining: Churchill has never secured a Mining Business License in Indonesia - 9/24/2012
Indonesia News
- Crocodile attacks in Indonesia are on the rise. It’s left residents on edge - The Associated Press - 3/17/2025
- Xpeng forays into Indonesia, to start local production in H2 2025 - CnEVPost - 3/17/2025
- Oracle in talks to establish cloud hub in Batam, Indonesia - CloudTech News - 3/17/2025
- DL E&C wins $15m contract for Siborpa hydroelectric plant in Indonesia - Energy Monitor - 3/17/2025
- Exclusive-Cobalt produced by China's Lygend in Indonesia skirts Trump tariffs - Yahoo Finance - 3/17/2025
Indonesia Business News
- FPT Provides Advanced Artificial Intelligence to Indonesia’s Largest Oil Company, Pertamina - Business Wire - 3/11/2025
- PGN Saka Energi-BP open tender for offshore vessel chartering - Indonesia Business Post - 3/17/2025
- President inaugurates Freeport's precious metal refinery facility in Gresik - Indonesia Business Post - 3/17/2025
- Goldman Sachs downgrades Indonesian Stocks, fiscal risk in the spotlight - Indonesia Business Post - 3/12/2025
- MIND ID wins Best Syndicated Loan Deal Southeast Asia Award - Indonesia Business Post - 3/12/2025
Indonesia Economy
- Prabowo calls for 'Indonesia Inc', with private sector taking lead - The Jakarta Post - 1/19/2025 -
- Economic experts examine annual deflation impact on Indonesia’s economy - Universitas Airlangga - 3/14/2025 -
- A deepening economic crisis in Indonesia - Tech in Asia - 3/17/2025 -
- On-demand platforms add over Rp 90 trillion to the Indonesian economy - Consultancy.asia - 3/17/2025 -
- Electric vehicles fuel Indonesia's first car sales growth since June 2023 - Reuters - 3/11/2025 -
Indonesia Group of Company
- New carriers Indonesia Airlines, Fly Jaya set to take off in 2025 - The Jakarta Post - 3/11/2025 -
- AnyMind Group becomes B2B distributor for Nutrifood on Shopee Mart in Indonesia - AnyMind Group - 3/6/2025 -
- Indonesian Technology Company, WIR Group to Introduce Indonesia's Metaverse Prototype - ACN Newswire - 5/3/2022 -
- Garuda Indonesia and Japan Airlines Commence Joint Business - JAL - 3/7/2025 -
- Indonesia Airlines to operate soon, focusing on international flights - Indonesia Business Post - 3/10/2025 -
Indonesia Finance
- Indonesia keeps 2025 budget deficit forecast unchanged despite tax revenues slump - Reuters.com - 3/13/2025 -
- Goldman Sachs downgrades Indonesian Stocks, fiscal risk in the spotlight - Indonesia Business Post - 3/12/2025 -
- Tax trap for medical doctors: A crisis in fairness - The Jakarta Post - 3/14/2025 -
- VinFast and Bank Negara Indonesia Partner to Accelerate EV Adoption in Indonesia - Fintech News Singapore - 3/17/2025 -
- No, Indonesia's middle class isn't shrinking -- here's why - Nikkei Asia - 3/10/2025 -
Indonesia Banking - News
- Grab, Singtel-backed Super Bank mulls IPO: report - Asian Banking & Finance - 1/15/2025 -
- Instapay Technologies Enters Indonesia in Collaboration with Amar Bank - SME Magazine - 3/17/2025 -
- VinFast and Bank Negara Indonesia Partner to Accelerate EV Adoption in Indonesia - Fintech News Singapore - 3/17/2025 -
- Banking on sustainability: structural adjustment and forestry reform in post-Suharto Indonesia - cifor-icraf - 2/15/2025 -
- Indonesia's central bank uses Ramadan sermons to preach on inflation, Money News - AsiaOne - 3/11/2025 -
Indonesia Investment - News
- Indonesia extends Freeport Indonesia's copper export permit for six months, minister says - Reuters - 3/17/2025 -
- UAE’s Green Bet on Indonesia’s Danantara – A Model for the Middle East - The Geopolitics - 3/16/2025 -
- Vingroup’s Ambitious Green Vision Finds a New Frontier in Indonesia - CleanTechnica - 3/16/2025 -
- Oracle considers Batam, Indonesia investment- sources - MSN - 3/15/2025 -
- Indonesia’s Business Sector Struggles Against Organized Extortion - Jakartaglobe.id - 3/17/2025 -
Indonesia Capital Market - News
- Analysis Stock Price Comparison with Price To Book Value - ResearchGate - 10/22/2024 -
- Head of financial watchdog to visit Vietnam, Hong Kong, Indonesia - 코리아타임스 - 11/10/2024 -
- Vietnam’s capital market develops strongly - http://en.vietnamplus.vn/ - 9/6/2024 -
- Hong Kong’s Paul Chan on Indonesia mission as city’s firms eye huge market - South China Morning Post - 1/7/2025 -
- Stock trading 'like gambling’ for poor, says Prabowo - The Jakarta Post - 12/5/2024 -
Indonesia State-Owned Company - News
- FPT Provides Advanced Artificial Intelligence to Indonesia’s Largest Oil Company, Pertamina - Business Wire - 3/11/2025 -
- Indonesia's Pertamina pledges to improve transparency following corruption allegations - CNA - 3/3/2025 -
- Marubeni, JAPEX Team Up With Pertamina On BECCS Feasibility Study In Indonesia - Carbon Herald - 8/27/2024 -
- Here's the List of 7 State-Owned Enterprises to Join Danantara - Tempo.co English - 2/24/2025 -
- Indonesia Officially Launches New Sovereign Wealth Fund Danantara - ASEAN Briefing - 3/10/2025 -
Indonesia Mining
Indonesia Energy - News
Indonesia Airlines - News
Indonesia Infrastructure - News
Indonesia Shipping and Cargo - News
Indonesia AgriBusiness
Indonesia Entrepreneurship
Indonesia Corporation
Reuters: Business News
Strategic Indonesia
Indonesia Law Enforcement
Indonesia Corruption - News
Indonesia Money Laundering Update
Indonesia Reform Update
Indonesia Religion Issues
Indonesia Security Issues
Indonesia Politics Issues
Indonesia Election 2009 Issues
Indonesia Education Update
Thursday, February 23, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment