June 6, 2017 — The Walton Family Foundation will focus its efforts to improve seafood sustainability on the demand side of the global market, concentrating its efforts on the United States, Japan and Spain, the organization announced at the SeaWeb Seafood Summit in Seattle, Washington on 4 June.
The U.S., Japan and Spain together import more than two-thirds of the world’s globally traded seafood products, and are all major destinations for seafood from the five countries the foundation has targeted in its supply-side sustainability efforts.
“This strategy is about following the flow of fish and dollars from Indonesia, the United States, Mexico, Chile and Peru to those markets where those fish are bought and sold,” said Teresa Ish, the foundation’s Ocean Initiative program officer.
The foundation, created by Walmart founders Sam and Helen Walton, announced in September 2016 that it would commit USD 250 million (EUR 224 million) to marine conservation efforts in those five countries. The focus of the WFF efforts will be to “ensure that the important policies of these major seafood markets helps level the playing field for lagging actors across the industry who haven’t seen that the future of fishing needs to be sustainable, as well as the major producing countries who are putting short-term resource use ahead of the long-term sustainability of their industry,” Ish said.
In 2016, the United States imported around USD 2.2 billion (EUR 2 billion) in seafood products from Chile, Indonesia, Mexico and Peru, while Japan imported USD 1.1 billion (EUR 976 million) and Spain brought in USD 290 million (EUR 258 million) in seafood from those four countries combined.
“Our markets approach aims to encourage industry to make investments – of money, time, staffing and brainpower – that raise incomes and improve the quality of life for individual fishermen and fishing communities in these countries,” the foundation said in its report, distributed at SeaWeb.