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Fiji Time: 9:30 AM on Wednesday 17 September

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Reliable system

Ropate Valemei
Friday, January 25, 2013

NEW systems are being introduced to improve information management and data analysis which could save Fiji and the Pacific's local fish industry.

In the ANZ Asia Pacific Research monthly report January 2013, this development could save up to $US1billion ($F1.75b) for the industry.

Similarly, the latest word from the Secretariat of the Pacific Community and the Pacific Islands Forum Fisheries Agency was to have the systems in place over the next 12 months around the Pacific.

"A two-week surveillance operation in November 2012 to detect illegal, unreported and unregulated fishing activities in the region confirmed that data collection was needed to limit fish plundering from the world's biggest tuna fishery," a report from the secretariat said. The report also revealed the year 2012 laid a decent foundation for the medium-term with broad-based growth of around 2.5 per cent in Fiji.

"This reflects an easing of the external financing constraint along with some much needed initial progress on structural reforms," it said.

"Agricultural output had bounced back from last year's devastating floods and should continue to support a moderate pace of spending along with tourism and remittances.

"Building on the economic reform agenda and delivering on political commitments should spur investment and growth over the medium-term."

The report forecasted growth of around 2 per cent with some upside risks. The Pacific region, it said, was likely to face moderate headwinds this year.