By: PNG Business News February 10, 2022

Photo credit: Japan Times

According to Fisheries Minister Dr Lino Tom, the signing of the Trade Protocol Agreement for the export of Live Marine Products to the Chinese market was a success.

Minister Tom expressed his delight, adding that the Fisheries Sector's trip to China with Prime Minister James Marape was a success.

''We successfully signed the Trade Protocol Agreements for the export of Live Marine Products to the Chinese market with the General Administration of Customs of the Republic of China (GACC).

''The particular agreements signed are the: 1) the Protocol on inspection, quarantine, and veterinary sanitary requirements for wild marine fishing aquatic products and; 2) the Protocol on Quarantine and Hygiene Requirement for Edible Aquatic Animals,'' he said.

Minister Tom stated that the Protocol on dead and/or frozen marine goods was signed two years ago, and that today 78 domestic enterprises have direct access to this massive market, bypassing any middlemen in other Southeast Asian countries.

''This essentially means, their profits can no longer be diluted and having direct access to a large market is a once in life-time opportunity for our people. The Chinese market is so large, we will not be able to supply even a tiny fraction of it, even if our nation used our full potential of production and harvest of our marine products. The onus is on us now to take full advantage of this market access by complying with the requirements agreed to in this trade protocol agreement. As a responsible Government, we have ensured that access is fully granted. It is now incumbent on the companies and citizens who want to exploit these opportunities to start working hard.

''The other most important achievement was our meeting to consolidate and improve on meetings with a potential investor, The Wehei Fishing Association with its joint-venture partners the Shandong Port Group (one of the largest port groups in the world) and the Wehai Investment Group. This follows on from a meeting we had in 2019 where they signed a letter of intent to invest $300 million US in the fisheries sector. That was not progressed at that time with the COVID-19 onslaught that year preventing their proposed visit. They now have expressed very strong intentions to invest in our country and will be sending a team to do their own due diligence in the next month or two.

''We expressed our Government’s priorities in two particular projects, which are the PMIZ and the Manus Ndrahukei Wharf and downstream fishing facilities. Hopefully, these arrangements are progressed so we see some new investments in the fisheries sector, Minister Tom said.


Reference: Department of Prime Minister and National Executive Council (6 February 2022). “Trade Protocol Agreement Signing For Export Of Live Marine Products To Chinese Market A Success - Fisheries Minister”.

Related Articles

Recent Articles

See Our Latest Issue

See Our Latest Issue

See Our Latest Issue

See Our Latest Issue