VDS

PNA groundbreaking ceremony

PNA groundbreaking ceremony

Eight PNA countries plus Tokelau celebrated Wednesday night with a groundbreaking ceremony for a new four-story headquarters building, set to replace the old Won Hai Shien building on Uliga Dock on Majuro. Ministers from the member countries donned helmets and vests and shoveled dirt, commemorating the event. The event was held in the lead up […]

Big bucks team meets in Majuro

Big bucks team meets in Majuro

Ministers from the Parties to the Nauru Agreement (PNA) launched their 12th annual meeting in Majuro Wednesday. President Hilda Heine recognized the organization for growing fisheries revenue of members nations from $60 million to nearly $500 million in seven years. She urged the fisheries leaders not to be complacent because of PNA’s success, but instead […]

PNA a success without ADB

PNA a success without ADB

An Asian Development Bank report on Pacific island economies recognizes the Parties to the Nauru Agreement’s vessel day scheme (VDS) as “an outstanding global example of coastal states taking control of a fishery based on highly migratory stocks” that resulted in a more than tripling of revenue to PNA members from 2010 to 2014. But […]