Investors urged to make use of opportunities in fishing industry

ST JAMES, Jamaica (JIS) – The Government is inviting private investors to capitalise on the opportunities available in the local and global fisheries markets.

Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda, said the economy could benefit more from the global fishing industry if local investors go after a larger slice of the US$136-billion industry.

The minister, who was addressing a recent press briefing at the end of a two-day Fisheries Retreat and the 10th Ministerial Council Meeting of the Caribbean Regional Fisheries Mechanism (CRFM), at Iberostar Rose Hall Suites in Montego Bay, said discussions have confirmed that there is a large untapped market of open-sea fish and aquaculture, which needs to be explored.

There is an adequacy of fish to serve the needs of Jamaica in our territorial waters and we need to pursue that vigorously,” the minister urged.

Read more at: Jamaica Observer