Indonesia’s Quota-Based Fishing Attracts Investors from China, Japan

indonesias quota based fishing attracts investors from china japan

Sumary of Indonesia’s Quota-Based Fishing Attracts Investors from China, Japan:

  • Indonesia’s quota-based fishing has attracted investors from countries such as China and Japan, according to Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono.
  • The quota-based measured fishing policy, which takes into account Indonesia’s fish stocks, is set to come into force in 2022. The quota will fall into three categories, namely commercial, local fishermen, and non-commercial (recreational fishing and tourism).
  • As well as Europe who is keen on [investing in] the southern region due to its abundance of tuna and various deep sea fish species that are of very high value,” Trenggono told the 2022 Economic Outlook forum on Tuesday.
  • The commercial quota as seen in the presentation slides at 2022 Economic Outlook Forum on November 23, 2021.Quota-based fishery zones for commercial purposes are shown in green.
  • The blue color indicates quota-based zones for traditional fishermen.
  • (JG Screenshot) According to Trenggono, Indonesia has divided its fisheries management areas —as seen in the above diagram— into four fishing industry zones.
  • The first zone encompasses the commercial quota-dedicated area 711. It has a fishing quota of 473,000 tons per year, valued at around Rp 13 trillion ($911.67 million) a year.

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