The OPEC of tuna?

May 2010
Ausmarine;May2010, Vol. 32 Issue 7, p6
Trade Publication
The article discusses the cartel formed by eight Pacific nations including Papua New Guinea, the Marshall Islands and Solomon Islands to maximize their profit share in the tuna industry. It cites the difficulties of tuna operation in these areas due to the remoteness of the fishing grounds, harbor facilities and unreasonable fishing regulations. Members of the cartel agreed to ban fishing within 1.8 million square miles of the equatorial Pacific and tighten controls on tuna in their waters. It indicates Australia with the toughest tuna management system.


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