Recommendation 6: Ensure that domestic vessels are provided with long-term tenure on their licence fees in order to guarantee security. The activity expected in implementing this recommendation would be: 6.1 To initiate a system domestic licence for three to 5 years. Recommendation 7: Implement non target species bycatch management mitigation measures Activities expected in implementing this recommendation would be as follows: 7.1 Update stakeholder participatory risk assessments to evaluate the risks to bycatch species, if not already completed; 7.2 Ensure mitigation measures are developed for at risk species, especially the threatened shark species; 7.3 Adopt these measures into MSG licensing and control systems (MTCs, licence conditions, observer reporting). Recommendation 8: Fiscal incentives implemented and input and sales tax barriers removed. The activity expected in implementing this recommendation would be: 8.1 Removal of all import duties for imported supplies – fuel, engine parts, gear and bait, when not applied to date; 8.2 Allowing for established domestic companies to take advantage from tax incentives, as opposed to just providing incentives for foreign investors. Recommendation 9: Develop, in partnership with National Development Banks, Management Funds, catering for lending to domestically owned vessels. The activity expected in implementing this recommendation would be: 9.1 Bank lending management funds created, applying soft loans at around 6-8%, with support funding. FFA to work with the National Development Banks in providing a list of investment priorities which would be primarily market focussed, but could also include investments that reduce carbon emissions. Recommendation 10: Eliminating trade barriers (EU, USA, China) Activities expected in implementing this recommendation would be as follows: 10.1 Solomon Islands and Vanuatu signing up to IEPA 10.2 Promoting access to markets to US, and seeking Presidential concessions thereof 10.3 Lobbying China to remove the duty rate on imports of MSG based product into China Recommendation 11: Promoting investment in domestic vessel and plant upgrades to encourage ULT systems and compliance with HACCP Activities expected in implementing this recommendation would be as follows: Improving quality control standards HACCP standards with support funding made available for the domestic industry;
Recommendation 6: Ensure that domestic vessels are provided with long-term tenure on their licence fees in order to guarantee security. The activity expected in implementing this recommendation would be: 6.1 To initiate a system domestic licence for three to 5 years. Recommendation 7: Implement non target species bycatch management mitigation measures Activities expected in implementing this recommendation would be as follows: 7.1 Update stakeholder participatory risk assessments to evaluate the risks to bycatch species, if not already completed; 7.2 Ensure mitigation measures are developed for at risk species, especially the threatened shark species; 7.3 Adopt these measures into MSG licensing and control systems (MTCs, licence conditions, observer reporting). Recommendation 8: Fiscal incentives implemented and input and sales tax barriers removed. The activity expected in implementing this recommendation would be: 8.1 Removal of all import duties for imported supplies – fuel, engine parts, gear and bait, when not applied to date; 8.2 Allowing for established domestic companies to take advantage from tax incentives, as opposed to just providing incentives for foreign investors. Recommendation 9: Develop, in partnership with National Development Banks, Management Funds, catering for lending to domestically owned vessels. The activity expected in implementing this recommendation would be: 9.1 Bank lending management funds created, applying soft loans at around 6-8%, with support funding. FFA to work with the National Development Banks in providing a list of investment priorities which would be primarily market focussed, but could also include investments that reduce carbon emissions. Recommendation 10: Eliminating trade barriers (EU, USA, China) Activities expected in implementing this recommendation would be as follows: 10.1 Solomon Islands and Vanuatu signing up to IEPA 10.2 Promoting access to markets to US, and seeking Presidential concessions thereof 10.3 Lobbying China to remove the duty rate on imports of MSG based product into China Recommendation 11: Promoting investment in domestic vessel and plant upgrades to encourage ULT systems and compliance with HACCP Activities expected in implementing this recommendation would be as follows: Improving quality control standards HACCP standards with support funding made available for the domestic industry;
FFA_Poseidon_MSG%20Strategy_Final.docx