The Brunei, Indonesia, Malaysia, the Philippines-East Asean Growth Area (Bimp-Eaga) meeting held in Brunei earlier this month had reportedly agreed to form a fishing consortium in their rich marine seas.
The consortium would be participated in by companies or business groups in Bimp-Eaga, a report released by the Mindanao Economic Development Council (Medco) said, according to media reports in Manila.
The agreement was reached by the Fisheries Working Group of the Bimp-Eaga and the Bimp-Eaga Business Council (BEBC) during the senior officials meeting and ministers' meeting (SOMM) of the growth area in Brunei.
Medco said the project "emanated from the instruction of the four heads of states of Bimp-Eaga during the leaders' summit in Singapore last year".
"It is now making a lot of positive developments," it said.
Medco said the working group and the BEBC "have agreed in principle on the proposed framework for the consortium".
The private sector would participate in the consortium, it said, as a means to operationalise the project. A coordinating body would be formed "to oversee and monitor" the progress of the operation of the consortium.
The areas of cooperation would be in the small pelagic fishes to be coordinated by Brunei; tuna production to be coordinated by Indonesia; high-value aquaculture to be coordinated by Malaysia; and seaweeds to be coordinated by the Philippines.
The Bureau of Fisheries and Aquatic Resources represented the Philippines in the working group discussions.
Medco said the Bureau of Fisheries and Aquatic Resources (BFAR) and industry leaders would discuss the details of the structure and business arrangements in a workshop next month in Manado City in Indonesia.
"They will also start discussing possible modes or arrangements for common-resource development as part of the features of the project," the Medco said.
0 comments:
Post a Comment