26 C
Port Moresby
July 15, 2020
Business Featured News

PM O’Neill: Pacific must stop exploitation of Fisheries Sector

Prime Minister Peter O’Neill is urging for a stop on the current exploitation in the fisheries sector across the Pacific.

PM O’Neill said, the Government has reached a point to correct inappropriate practices by big companies who have been taking advantage over the years.

He made this statement during the 48th Pacific Leaders Forum in Samoa. Meeting other Pacific leaders, Mr O’Neill wants to see the Pacific benefit more in the fisheries sector.

He said big players in the fisheries industry must stop the current exploitation.

The Prime Minister said the Government reached a point where enough was enough, and is now making deliberate interventions where exploitation is taking place. O’Neill said the Pacific holds a vast wealth in its waters and something must be done to create jobs, increase revenue collection, and stimulate a better dialogue in the Pacific.

A key change will be the reviewing of all licensing arrangements with each country in the Pacific.

PM O’Neill hopes the forum will conclude with better understanding between countries to protect the wealth of the Pacific and its resources.

Related posts

Fuel for Fox One Unit

Michelle Steven

Watt Kiddie Calls for Accounting Standards to be Raised

EMTV Online

Church solution to addressing Social Issues in PNG

error: Content is protected !!