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NFA Response To Manus Tax Free Zone

The National Fisheries Authority (NFA) is taking the lead in responding to Prime Minister James Marape’s priority of making Manus Province a special tax-free economic zone in the country by beginning scoping for fisheries to meaningfully contribute to the province’s goal to encourage a sustainable economic growth for the province.

Managing director of NFA, John Kasu has assigned a team who was in the province recently to meet with the provincial fisheries authority and administration to assess how best fisheries can contribute to a major port infrastructure project that is set to take advantage of the tax haven announcement.

The team met with Manus Governor, Charlie Benjamin to acquire specific directions on how NFA can capture his province’s development goals as well as providing ideas on activities Fisheries could be involved in within the overall domestication policy of the government.

NFA is considering a suite of development options including the potential of transshipment activities, fuel depot, support services, local purse seine operations, onshore processing, targeted training and capacity building, including coastal fisheries activities and SME opportunities where its people can meaningfully participate throughout the entire fisheries value chain.

Tuna ranching and other potential opportunities will be considered in conjunction with the fisheries port infrastructure project so as to further empower local participation, improve food security and I improve the general livelihood of our people.

These are considered to be fisheries contribution towards throughput that can be secured towards this anticipated port economy that will be underpinned by this major infrastructure project.

Though Manus is in a strategic zone for offshore fishing operations in the Pacific region, there are other regions too that are in the strategic zone and that is where NFA will assist in ensuring Manus is more competitive than the other zones.

The governor welcomed the opportunity for NFA to be part of the team that would contribute further to the terms of reference and other related developments going forward for the project in Manus.

Continue reading at https://postcourier.com.pg/nfa-response-to-manus-tax-free-zone/ | Post Courier

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