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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Kenya: Pan-Africa project to focus on potential of fish trade

Wednesday, March 04, 2015 > 10:50:17
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(Star Africa)

A new pan-African project has been launched to strengthen the continent’s great potential for increased trade in fish, WorldFish, an international, nonprofit research organization, said on Monday in the Kenyan capital Nairobi.According to WorldFish, Africa, a continent that is endowed with plentiful fish resources in oceans, rivers, lakes, floodplains and fish farms accounts for just 4.9 percent of global fish trade.

It said in a statement that more efficient trade could significantly improve income and nutrition for millions of Africans, particularly those 12.3 million that are directly employed in the fisheries and aquaculture sectors.

“Trade is constrained by inadequate market and trade infrastructure and poor policy implementation. High transport costs, complex and unaligned trade rules and poor market information also prevent Africa from optimizing the social and economic benefits available,” the statement reads in part.

Stephen J Hall, Director General, WorldFish said Africa has the potential to develop its fisheries and aquaculture to play a much greater role in promoting food security, providing livelihoods and supporting economic growth.

Per capita consumption has fallen, despite Africa’s great abundance of aquatic resources. FishTrade will create the foundations for a more solid, productive and sustainable building-up of this great, continent-wide, resource, Hall added.


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