1. PNA ASPIRATIONS

2. Who is PNA? And why is it different ? Most PNA Parties are mere specs on the open ocean in a band between 20N to 20S, - vulnerable small island developing states [SIDS]. Few know where we are, as not even on most maps. PNA EEZs together amount to 14.8 million sq Km Today these 8 EEZs, supply over 1.25 million mt of canning tunas, >25% of the world’s supply. A > US $ 2 billion harvest, supplying raw material to a US$ 4 billion global trade is based on PNA resources.

4. The PNA – we are the yellow bits !

5. PARTIES TO THE NAURU AGREEMENT Nauru Agreement Concerning Cooperation in the Management of Fisheries of Common Interest (Nauru Agreement - 1982) Established on the basis of Common Concerns/Interests exploitation of common stocks of fish, both within the EEZs and adjacent waters, by DWFNs dependence, as developing island states, on the rational development and utilization of the living resources within the EEZs, in particular the common stocks of fish co-operation in the management of the 8 EEZs to achieve maximum benefits from the fisheries resources

6. PNA Palau Arrangement FSM Arrangement PNA ARRANGEMENTS

7. Palau Arrangement - controls effort Since 1995 the PNA traditionally controlled effort through a vessel allocation - 205 boat ceiling. This limited capacity, but not growths in efficiency. But it failed to attract onshore investment from existing players. Instead it entrenched a cartel / a club of foreign interests intent on continued exploitation of PNA resources, [but not investing in PNA participation]. In 2007 this was revised to an “effort control” the Vessel Day Scheme [VDS] putting control where it rightfully belongs. - PNA.

8. VDS VDS scheme is a standard applied by all 8 parties through national legislations applicable in their own EEZs. Additionally it sees Parties giving – Preferential fishing access to PNA domestic investments and development Partners, eg Processors. – limited PNA tuna output to conserve stocks – Indirectly enhanced returns for industry and potential profits Restricted days means operators not linked to PNA investments may be displaced, or will need pay a significant premium as days become increasingly scarce.

9. FSM arrangement [FSMA] Offers PNA Parties and investment partners: Concessional regional licensing for domestic based fleets. Especially where in support of processing or other onshore investments, services, direct and indirect employment and commerce.

10. PNA needs PNA Leaders now demand an equitable return and share in employment, investment and associated commerce for our island region.

11. Bikenibeu Declaration Signed in Tarawa, Kiribati in 2009, the Bikenibeu Declaration set up the PNA Office to serve its members through strategic fisheries conservation and management, initiatives to maximize profitability and benefits for Pacific Islanders and promotion of PNA waters as a globally recognized, sustainably managed and certified tuna fishery.

12. Koror Declaration Signed in Palau, in 2010, at the 1st PNA Presidential, the Koror Declaration: confirmed and supported the Vessel Day Scheme (whereby fishing is limited to a set number of fishing days) Closed off all high seas areas to fishing (latitude 10 degrees North and 20 degrees South) endorsed plans to proceed with the full assessment for Marine Stewardship Council certification of the PNA skipjack fishery as sustainable.

13. LEADERS ASPIRATIONS Why should we continue to see investments, jobs, commerce, profits etc staying offshore instead of being shared within PNA??? Why should SIDS watch their “common wealth” of tunas feed the industrialised nations, their people and their economies. Whilst even a single tuna fishing company profits rival the individual GDP of some PNA economies.

14. Continued: PNA leaders want to see maximized participation for all in the profitable and sustainable harvest of tuna resources. PNA believes all industry must make profits, and the economic benefits of participating must be shared with PNA. No longer is it acceptable to receive a few dollars annually to facilitate access and to see it feed industrialized economies offshore with raw materials, associated commerce, employment, food security and foreign exchange, whilst in direct competition with PNA fledgling industry interests.

15. PNA share of the pie today – <3% of the retail value of a can of tuna

16. New directions PNA is now actively seeking new partners. New industry linkages, in a shift away from old models of DWFN access. New players are entering the PNA fishery, investing onshore to facilitate secure access, and thereby developing domestic capacity, providing direct and indirect commerce and taxes, skill development and employment in the islands. THIS IS IMPORTANT. Common to all PNA are tuna resources, and the need for employment, commerce and economic independence. Working cooperatively, the whole PNA and industry wins.

17. Changing times – into the future The PNA leaders continue to be mindful of the vulnerability of their small island developing economies. Being custodians of the resource is no longer enough! SIDS ambitions need now be recognized and brought into the sector on equitable terms. Receive a fair share of employment, commerce, and profits from vertical integration rather than just selling access. Although poor in cash terms, the PNA Parties, are rich in SUSTAINABLE TUNA RESOURCES

18. PNA Today Conservation measures in place under PNA and WCPFC including high seas closures coupled with hard limits to VDS. With new domestic players, it means available capacity in the region now exceeds the opportunity to fish PNA waters. Scarcity of effort -> conserves stocks -> maintains CPUE, and better vessel efficiency and profits. Reduced supply [unless made up from other regions] maintains healthy global prices –> healthy profits for all. PNA is proving the value of the fishery and wants equitable returns at all stages from the PNA waters to the European and US dinner tables. [A greater than US$ 4 billion trade on PNA resources.]

19. PNA is an emerging player Higher global fish prices now are making PNA domestic ventures more viable. Higher prices put value to duty free concessions for canned tuna in major markets. EU- Global sourcing allows all fleets to participate through processing in PACP economies. Domestic ventures give local jobs, foreign exchange, direct and indirect commerce, and economic security. PNA wants to participate on equal terms as partners. Genuine investment partners will get priority. Others will need compete for days if any available.

20. What can you do??? We want your support. Existing players in the fishery can bring to the PNA region their vessels, infrastructure, technology and expertise. PNA Parties are happy to look at creative ways to accommodate them now, but in return expect real tangible returns, genuine ventures not just facilitation of cheap licenses and supply fish off shore.

21. The Role of industrialized Nations to support SIDS/PNA We accept industry can not just invest and invest, there are Governmental roles too. Governments can continue to support their private sectors. Governments can also actively assist PNA parties with funding equity, development assistance, training, market access, etc all linked to above. Support to our region is welcome.

22. The PNA Way Forward. Some more progressive regimes are already putting up proposals for our common future. Their industry, our industry and our mutual development. Those relying on perceived historic “rights”, may find themselves a place in PNA history. The PNA are 8 sovereign nations, they are now enforcing national interests and sovereign rights, and no longer accept to be observers, whilst being exploited. PNA welcomes genuine proposals from all sectors !!