Economics/Finances Asian Development Bank, South Pacific Forum Fisheries Agency - Tuna (9715613357)

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Asian Development Bank, South Pacific Forum Fisheries Agency - Tuna: A Key Economic Resource in the Pacific Islands

The paper describes the importance of tuna from the perspective of global significance, tuna fishing in the Pacific Islands, the role of tuna fisheries in national economies, small-scale fishing, nutrition, culture, and the future importance of tuna.

The dependence of the Pacific Islands (PI) countries on their tuna is highlighted to show the importance of this resource and to help justify allocation arrangements and assistance related to its management. The PI region supplies about a third of all tuna in the world. The value of the catch as increased from US$ 375 million in 1982 to 1.9 billion in 1998. It represents half of the value of all exports from the region. Tuna fisheries produce about 10 times the amount of fish produced by all the other fisheries of the region combined. The region received about US$ 60.3 million in access fees for foreign fishing activity in 1999. Total direct and indirect employment is estimated at 5-8% of all wage employment in the region. The annual expenditures by locally-based tuna vessels approach US$ 150 million. Commercial sport fishing for tuna is closely related to tourism. Tuna appears to be the most important family of fish for small-scale fisheries. Tuna makes up a substantial portion of all fish consumed, especially in the most economically vulnerable countries of the region. In the future PI climate of continued economic stagnation, very high population growth, fully exploited inshore and coastal fisheries, and massive unemployment, the currently underexploited tuna resources will assume a much greater importance than they have now and the future food security will depend on tuna.

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