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Shipwrecks and Lost Treasures of the Seven Seas : WET & HOT NEWS !

07 January 2011

Fisheries sector continues to grow rapidly

FIS Indonesia -

Over the past five years, the output of aquatic products has kept an annual growth rate of around 4 per cent with an apparently improved product mix and steadily raised quality and safety, which the Ministry of Agriculture believes has ensured effective and safe supply of these products.

It is expected that the total output may reach 53.50 million tonnes in 2010, the value of the total output could also top CNY 1200 billion (USD 180 billion), and per capita average income come up to CNY 8,963 (USD 1,353) with annual average growth rate of 8.8 per cent.

Incomplete statistics show that funds from the central government for fisheries in the Eleventh Five-Year Plan has increased by 700 per cent over the Tenth Five-Year Plan period that has totaled up to CNY 37 billion (USD 5.6 billion) with focus on subsidies for fishery policy enforcement, fishing harbours, preservation of resources, multiplication of improved breeds, and livelihoods of fishmen.

The Ministry also claims that Governments at all levels have given more attention to fishermens welfares through increasing subsidies for diesel for fishing vessels and fishery insurance premiums, ensuring subsistence allowances for poorer fishmen, and resettlement of fishermen on land.

The policy on diesel subsidies that the Eleventh Five-Year Plan has introduced has helped relieve the financial burden on fishermen imposed by a sharp increase in diesel prices.

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Photo China Fishery Group/Hong En Aquaculture/FIS

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