Tuvalu Secures Boost in Fisheries Revenue with US Treaty Amendments

Tuvalu has officially ratified the amendments to the United States Treaty on Fisheries, marking a significant step in strengthening its economic and fisheries management efforts. The amendments were signed yesterday by Prime Minister Hon. Feleti Teo, reaffirming Tuvalu’s commitment to the Treaty and its partnership with the Forum Fisheries Agency (FFA). A Strong History of […]

Joint Venture Agreement Signed: National Fishing Corporation of Tuvalu (NAFICOT), SAJO and O Yong Fishing Industry

The National Fishing Corporation of Tuvalu (NAFICOT), owned by the Government of Tuvalu signed a Joint Venture (JV) agreement with Sajo Industries of Korea and O Yang Fishing Industry (also from Korea) on the 29th of July 2017 at the Funafuti Lagoon Hotel in Tuvalu. The Joint Venture agreement was signed by the Honourable Dr […]

Fisheries Revenues Hit an All-time High

The Government of Tuvalu Monthly Reporting Dashboard for September 2015 shows Fisheries revenues for the country at the highest level ever. The total contribution to the government’s revenues from Fishery licenses now accounts for 49% of all income at a staggering AUD 23.7 million dollars (year to date) (figure left). The value of Fishery licenses […]