Mauritius Aims to Develop Fishing Industry to Be Economic Pillar

Mauritius Aims to Develop Fishing Industry to Be Economic Pillar

(Bloomberg) -- Mauritius plans to develop its fishing industry and turn it into one of the Indian Ocean island nation’s important economic pillars.

The prime minister’s office said in a statement May 24 that it agreed to recommendations made by the ministerial committee:

  • To develop a national fishing fleet.
  • Negotiate with the European Union rules related to fishing quotas and the monitoring of their compliance.

Mauritius’ revenue from fish exports and fish preparations rose 4.6% to 14.9 billion rupees ($417 million) last year, according to Statistics Mauritius. The country has an economic exclusive fishing zone of 2.3 million square kilometers.

Read More: Mauritius Plans $64 Million Fishing Port, Le Mauricien Reports

©2019 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES