Home / Front Page/ $ 100 m annual loss due to EU ban on fish exports: Govt.

$ 100 m annual loss due to EU ban on fish exports: Govt.


Comments / {{hitsCtrl.values.hits}} Views / Friday, 12 June 2015 00:18


By Waruni Paranagamage

Fisheries Minister Mahinda Amaraweera yesterday revealed that the country incurs a $ 100 m annual loss due to the ban on fish exports by the European Union.

Addressing the media, Amaraweera said that the EU market used to buy 68% of Sri Lankan fish exports and Sri Lanka was still placed as the second largest tuna exporter to the region.

“By the end of this year, hopefully we could get the ban lifted by the EU. The EU has made some recommendations to Sri Lanka to re-enter the market. Establishing a Vessel Monitoring System (VMS) was a significant recommendation,” the Minster said.

The European Commission announced a ban on imports of fisheries products from Sri Lanka from 1 January for failure to tackle illegal fishing.

The Minister said the new system would monitor the activities of the trawler boats and curb illegal fishing in Sri Lankan waters.

The VMS system is a satellite-based monitoring system which at regular intervals provides data to the fisheries authorities on the location, course and speed of vessels. 

According to the Central Bank report of 2014, Sri Lanka has earned $ 252.7 million from seafood exports. However, earnings have declined by 36.5% in March 2015 caused by the 77.6% decline in seafood exports to the EU market. 

The Minister said they had already implemented a plan to overcome the EU ban by the end of this year. 

“I have taken action in Parliament to amend the Fisheries Act to make it applicable with international law. We expect to develop the act by adding new systems and filing cases against illegal fishing,” Minister added. 

Under the new plan the Government also hopes to maintain a boat searching centre system and deploy officers at the searching centres. 

Meanwhile, due to the restrictions of the EU ban, Grade ‘B’ fish production also has to sell at the local market Grade ‘C’ consumption price.

The remaining 32% from overall seafood exports which levelled as Grade ‘A’ is still exported to the United States and Japan at a high price.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

An efficient energy sector for economic growth

Tuesday, 22 October 2019

When I saw the advertisement about an Energy Forum organised by PUCSL for a Policy Dialogue on the importance of an efficient energy sector for economic and investment growth, I was very happy as I have been interested in this relationship for more t


Will the rule of law, ethics, and morality be above family rule and crony rule?

Tuesday, 22 October 2019

The two main contenders for the Presidency of Sri Lanka are Gotabaya Rajapaksa and Sajith Premadasa. That is stating the obvious. No doubt, some others may have a limited impact on the outcome. Minority votes may benefit Premadasa, while the Sinhala


Addressing past harm

Tuesday, 22 October 2019

The approach towards an inclusive and equal society, where all human beings are to be treated equally before the eye of law and every human being should have the right to remedy for the harm done to them, seems nothing but a façade when our memories


Jaffna International Airport

Tuesday, 22 October 2019

17 October was a great day for residents of Jaffna and for all Sri Lankans, when an ATR-72 turboprop airliner of Alliance Air (a regional subsidiary of Air India) landed at the brand-new Jaffna International Airport (JIA), the first international fli


Columnists More