KIRIBATI’S partially state-owned fisheries company Kiribati Fish Ltd, which is controlled by Shanghai Fisheries General Corporation (Group), announced late last year it will supply fish certified as sustainable by the Marine Stewardship Council (MSC). Under the partnership with Pacifical, which markets MSC tuna caught in PNA waters, Kiribati Fish is expected to process MSC-certified yellowfin tuna steaks and loins bound for the EU and US.
The supply begins this month. Kiribati Fish has already spent around $10million in its processing factory in Tarawa, said managing director, Xue Jun Du. Kiribati Fish was formed in 2010 as a partnership between the government of Kiribati (40 per cent), Golden Ocean Fish of Fiji (40 pc), and Shanghai Fisheries. Golden Ocean Fish is also owned by Shanghai Fisheries, meaning the Chinese firm controls 60 pc of Kiribati Fish.
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