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Tuesday, 08 September 2009

Can Bahamian craw-fishermen learn from OPEC?

Agriculture in the Bahamas, as a percentage, is roughly 2 percent of GDP. Within the agricultural sector, the fisheries sub-sector has been playing a particularly dynamic role, consistently accounting for more than 75 percent of total agricultural output and with the crawfish industry, yielding anywhere from $60 to $100 million dollars (USD) per year - or on average representing about 85 percent of the value of all fisheries output. For a country with less than 400,000 people and for a sector that employs less than 10,000, country-wide, that is a considerable amount of wealth for persons in the fisheries sector. The Economic Partnership Agreement (EPA) with the African, Caribbean and Pacific (ACP) countries and the European Union reflects the importance of this industry, as it focused, among other issues, on protecting the crawfish industry. Fish-houses and major exporters wanted an EPA for the express purpose of greater market access into the EU. Hence, they lobbied vigorously for the provisions that the EPA provided with regard to market access.

 

Source: Caribbean Net News