Fund to support fishing in Pacific island nations

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The Republic of China (Taiwan) has established the Chinese Taipei Trust Fund, a special fund of US$2 million to be spent over five years to assist the fishing industries of developing nations, particularly Small Island Developing States.

The fund will assist the fishing industries of developing nations. Credit: AusAID/CC-BY-2.0, via Wikimedia Commons

The announcement was made at the 11th Annual Meeting of the Western and Central Pacific Fisheries Commission (WCPFC). As a founding member of the WCPFC, the Republic of China has long sought out opportunities to cooperate with the fishing industries of other nations, and has helped developing nations expand their fishing industries.

The fund is to be used in support of developing members’ plans to upgrade their fishing industries, and will benefit many of the Republic of China’s diplomatic partners in the Pacific. Especially targeted are means to improve government oversight of the fishing industry and help fishermen increase their catch.

Based on individual members’ needs, funds may be earmarked for personnel and technical training, with an eye to bolstering monitoring, control, and surveillance capabilities.