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Tuesday, 02 August 2016

Caribbean takes first step to maximize value of fisheries and aquaculture sector

At a time when countries across the Caribbean region are faced with economic challenges, innovation in one of its prime sectors—the fisheries and aquaculture sector—can spur the kind of growth needed to help buttress the regional economy. However, this kind of change won’t come overnight. The Caribbean Regional Fisheries Mechanism (CRFM) is working with Member States from around the region, as they prepare to take the first steps in converting fish waste to fish wealth—a change which could multiply earnings from the sector. “Going forward, we need to make the point that proper utilization of fishery resources is not about increasing production or increasing catches, it is more about maximizing value of what we are now taking and realizing the significant benefits that is possible by focusing on value addition,” said Milton Haughton, Executive Director of the CRFM. Chief Fisheries Officers, Senior Fisheries Officers and private sector representatives from 17 CRFM Member States learned about the application of the value chain approach to the fisheries and aquaculture sector when they attended a weeklong workshop held in Suriname last week.

Source: thebahamasweekly.com