A TUNA stakeholders meeting organised by the Pacific Islands Development Forum and the International Union for Conservation of Nature was labelled a success.
Nauru Agreement Office chief executive Dr Transform Aqorau said there needed to be a regional reform in fisheries management that enabled a sustainable practice to conserve ecosystems and livelihoods and ensured food security.
"The focus of PNA efforts to sustainably manage tuna is the Vessel Day Scheme.
"PNA members agree on a limited number of fishing days for the year, based on scientific advice about the status of the tuna stocks," he said.
"The current minimum price of a fishing day for foreign fishing vessels is $US6000 ($F11,000) and the Vessel Day Scheme is worth $240million," said Dr Aqorau.