The government of Papua New Guinea (PNG) is working to reform its fisheries sector as part of a larger strategy to become a high-income, manufacturing economy by 2045. This plan involves shifting from raw resource exporting to downstream processing of marine resources, especially tuna. The PNG Ministry of International Trade and Investment is partnering with RD Corporation and the Madang provincial government to develop a 650-hectare commercial hub for the tuna sector. The country is also seeking investment and market access from the European Union, Australia, and New Zealand.
Despite accounting for 18% of the world's tuna catch, PNG has not fully domesticated its fisheries industry and has missed out on potential revenue. The Madang Integrated Special Economic Zone will be developed in two phases, with the first as a 50-50 joint venture with RD Corporation, focused on developing PNG’s domestic fleet and fishing capacity.