Fishery policy in the Marshall Islands
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Fisheries play a key role in the economy of the Republic of the Marshall Islands (RMI) and in the lives of its people. Substantial tuna resources are exploited from the country’s vast exclusive economic zone, largely by foreign fishing vessels operating under licence. Coastal fisheries are important for subsistence purposes, and also generate income for atoll communities. RMI’s well-recognized remote and pristine outer atoll lagoons are considered suitable for targeted commercial mariculture dev elopment. The Marshall Islands Marine Resources Authority is investing heavily in formulating its outer island work programmes, involving both coastal fisheries and mariculture research and development. A cautious and transparent approach is needed, with attention to partnerships between communities and private business concerns and the use of incentives involving seed funding, technical assistance, transport facilitation, and other support activities.