Prime Minister Peter O’Neill has announced, this new system rewards those companies who support development and employment in the national fisheries sector.
Effective January 1, the Government will end the discounts to fishing fees, which has grown to more than excess of US$100 million (K330 million) each year.
Based on current levels of processing, under the new rebate system it is anticipated that US$70 million (K235 million) in revenue will be generated in the tuna sector in 2018.
