Oceania > Papua New Guinea > Agribusiness / Food
Agribusiness / Food in Papua New Guinea
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Papua New Guinea pursues value-added tuna processing
PAPUA NEW GUINEA, 2015/12/28 A regulatory overhaul is paving the way for Papua New Guinea to focus on developing the processing side of its fisheries industry, supporting the country’s plans to become a major downstream player in the world tuna market. The new policy, which includes a requirement that 100% of tuna caught in PNG’s archipelagic waters be processed locally, is expected to boost the sector’s contribution to GDP through better price-added production, higher exports and job creation. The regulations could as well bring about tighter control of the country’s territorial waters, helping authorities address concerns about unregulated fishing practices and preserve business-free access to the EU market.
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