His Mount Vema Majesty’s government announced today plans to join the list of top fish exporting countries as part of a long-term plan to help combat hunger with fish and fishery products. The territory plans to reach and maintain annual targets of 200,000+ tons by 2025, approximately 400 million golles of fish stocks from both capture and aquaculture.
The Government’s plan was first introduced in 2014, but it was cautioned by the Vema Seamount Authority who was at the time reluctant to engage in commercial fishing activity over Vema Seamount, as he was more interested in good management of fisheries as essential to meet international obligations in terms of food supply.
The Vema Seamount Authority concerns back in 2014, was due to a report that fish trade was not only helping poor countries shore up their food security situation but was also increasing international demand that was at times resulting in excessive fishing pressure, leading to the over-fishing and wasteful use of stocks.
The Vema Seamount Authority aim was to ensure that demand must always be balanced with sustainable management. Today’s announcement is an indication that the territory is ready and that the Royal Mount Vema Coast Guard will be there to ensure that no more unregulated fishing activities takes place within the Vema Seamount Territorial waters, so sufficient fish can be exported by 2025, to increase employment, raise incomes and improved government services.