January 12, 2016 — U.S. boats are set to be locked out of the world’s best tuna-fishing waters after reneging on a deal with 17 Pacific states, amid a slump in prices for the fish sold in cans in supermarkets all over the country.
The standoff means U.S. boats cannot access seas where around half of the world’s skipjack tuna are caught each year. It is also endangering a vital revenue stream for some of the world’s poorest nations.
A group of Pacific island states—which includes small islands and atolls such as Tuvalu, Tokelau and the Marshall Islands—along with New Zealand and Australia are refusing to issue fishing licenses to around 36 U.S. vessels to trawl in their waters after their owners, typically tuna-supply companies or individuals, refused to meet payments agreed in August last year.
“These are the most attractive fisheries in the world and there are boats dying to fish in these waters right now but they can’t go and fish,” said Transform Aqorau, chief executive officer of the Parties to the Nauru Agreement, a grouping of eight of the islands which control most of the regions’ best fishing grounds.
Read the full story at the Wall Street Journal