Exploration of new overseas fishing grounds and stable supply of marine products in East Africa

Published 2024년 1월 22일

Tridge summary

The Ministry of Oceans and Fisheries is increasing its budget for overseas fishing ground resource surveys, targeting waters in East Africa and other regions with abundant resources. These efforts are a response to the changing fishing environment, including regulations on the high seas and the strengthening of resource localization policies in coastal countries. Despite the challenges and criticisms, the government's active support and expanded budget aim to provide sustainable production activities for fishermen and stabilize the supply of domestic seafood, while also recognizing the need for thorough analysis and policy implementation in this area.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Oceans and Fisheries has begun searching for alternative fishing grounds overseas. This time, the project will target waters in East Africa, which are known to be relatively rich in resources. This year's budget will also amount to 2.4 billion won, an increase of 1 billion won compared to the previous year. Since 2001, the National Institute of Fisheries Science's research vessel has been used to survey North Pacific fishing grounds, and since 2005, commercial fishing boats have been deployed to investigate new fishing grounds. By 2022, 11 new overseas fishing grounds have been developed, including North Pacific saury, Atlantic squid, and Southern Ocean toothfish (meroe). Due to regulations on the high seas and the strengthening of resource localization policies in coastal countries, the fishing environment has changed, with deep-sea fisheries being driven out of existing fishing grounds or paying enormous entry fees, so securing fishing grounds with abundant ...

Source: Fisheco