JakartaGlobe-Nov 23, 2021

Indonesia’s quota-based fishing has attracted investors from countries such as China and Japan, according to Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono. The quota-based measured fishing policy, which takes into account Indonesia’s fish stocks, is set to come into force in 2022. The quota will fall into three categories, namely commercial, local fishermen, and non-commercial (recreational fishing and tourism). Both domestic and foreign investors will go into the commercial quota. According to Trenggono, Indonesia has divided its fisheries management areas into four fishing industry zones. The first zone encompasses the commercial quota-dedicated area 711. It has a fishing quota of 473,000 tons per year, valued at around Rp 13 trillion ($911.67 million) a year. The government has also grouped areas 716 and 717 into the second fishing industry zone. The annual quota stands at 738,000 tons, with an estimate of Rp 15.8 trillion per year. Last but not least is the fourth fishing industry zone which encompasses areas 572 and 573. The zone offers an annual fishing quota of 1.4 million tons per year, estimated at Rp 35.18 trillion a year. Read more at: https://jakartaglobe.id/business/indonesias-quotabased-fishing-attracts-investors-from-china-japan