Equity compos mooted for fish - PNG/Trade
Jaspn Som Kaut; 17/1/08
Equity payments as practised in the forestry, petroleum and mining industries may be extended to fisheries within the next two years. Fisheries Minister Ben Semri said other renewable and non-renewable resources in PNG had forms of payment but there was nothing for marine resources. “It seems only fair that arrangements are made for the resource owners to benefit,” he said, adding that fisheries generated about K200 million in revenue each year, most of it from tuna fishing. Mr Semri was speaking at the official handover of a fish processing and cold storage facility in Lae yesterday. The K10 million facility was funded by the Chinese government. Mr Semri said the Fisheries Department would have to work with the stakeholders to come up with a policy and the necessary legislation would follow. He said if it proceeded well, the move could be implemented within the next two years.
See: http://www.thenational.com.pg/
K10m fish plant launched in Lae;Jason Som Kaut; 17/1/08; http://www.thenational.com.pg/011708/Business1.htm