Fiji spends $20 million annually on seafood importsStaff Writer | April 23, 2017
The Fiji Government imports more than $20 million worth of seafood yearly.
Food trade Investments in the fisheries sector
This was shared by Minister for Fisheries Semi Koroilavesau who stated that the ministry needed to look at attracting investors both local and foreign to invest in aquaculture as an import substitution exercise, The Fiji Times reports.
"This is an immediate project that the newly independent Ministry of Fisheries need to look into and we need to substitute the importing of prawns and other seafood that we can culture locally," he said.
"Prawn, lobsters and crabs can be farmed and other high value fish species like groupers and local donu and kawakawa can be farmed and traded.
"This can also relieve the pressure on our reef systems."
Koroilavesau said this would not be an overnight achievement as it involved investment by local and overseas partners but it could be considered in the short and medium terms as the government needed investment incentives and the ministry had some that investors can source. ■