News Summary January 19, 2016
Today's Main Story: US to Withdraw from South Pacific Tuna Treaty
Today's lead item reports that the United States has given Pacific Island nations notice that it plans to withdraw from the South Pacific Tuna Treaty, one of its most important aid, trade and geopolitical arrangements with the region. The 27-year-old treaty is set to expire 12 months from the date of the withdrawal notice. The announcement came after Washington agreed to pay $128 million ($US89m) for its 2016 fishing days, but within months reneged on the deal saying its fleet could not afford to pay.
In other news, salmon has overtaken shrimp as the most popularly traded fish as new products have helped open up fresh markets. In 2013, the first time salmon overtook shrimp, it accounted for 17 percent of the total traded value of seafood. Shrimp, ...
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