SPIEF 2018 to Discuss Sustainability Factors of Fishing Industry

Panel session Catching the ‘Goldfish’: Sustainability Factors of Fisheries will be held on 26 May as a part of the Business Programme of the St. Petersburg International Economic Forum 2018 (upon the initiative of the Federal Agency for Fishery).

Participating in the debate will be Ilya Shestakov, Acting Deputy Minister of Agriculture, Director of the Federal Agency for Fishery; Herman Zverev, President of the All-Russian Association of Fish Breeders, Entrepreneurs and Exporters (VARPE); Liv Monica Stubholt, Chairperson of the Board of the Norwegian-Russian Chamber of Commerce; Wang Hong, Chairman of Shandong Huiyang Group; and Dong-Yob Young, Director of the Oceanic Fishing Department at the Ministry of Oceans and Fisheries of the Republic of Korea; and Finnbogi Jónsson, Chairman of the Board of KNARR Maritime Consortium.

Eugenia Serova, the head of the Liaison Bureau of the Food and Agriculture Organization of the United Nations (FAO), will moderate the session.

The UN Food and Agriculture Organization is forecasting a dynamic growth in the demand for fish and seafood, especially in Asian economies. The value of the biological resources of the world’s oceans as part of the human diet is increasing, accompanied by a rise in prices on the international fisheries market. The favourable state of the market is attracting investment in fisheries, enabling production assets to be renewed. In Russia the state is facilitating technological modernization in the fishing industry, partly by means of ‘investment quotas’. The growth in private investment resulting from the state support measures is estimated to be more than 300 billion roubles.

“The high profitability of fishery, compared to most other real sectors of economy, is a key driver of the investment potential. We must lay the groundwork for private investments to make it transparent and acceptable to a wide range of investors. At that a paramount factor is the conservation of the natural fishing resources. Considering the international agenda, investments in the modernization of the Russian fishing industry should ensure optimal balance for aquatic bioresources fishing production and promote advanced waste-free processing,” said Ilya Shestakov.

The introduction of resource-preservation and environmentally safe technologies into the industry and the development of aquaculture is allowing for an efficient use of the resource base and preservation of the volume and variety of fish and sealife for the domestic and international markets.

The session participants will discuss the possibilities and conditions for creating a favorable  investment environment for a large-scale modernization of the fishing and cargo fleet, increased production of advanced processing products, introduction of modern logistics technologies, measures to enhance the availability of fish products for all domestic consumer categories, and fish potential to become a delicacy.      

This dialogue on investment in the fishing industry in the context of the global fisheries agenda will continue on 13–15 September 2018 in St. Petersburg at the Global Fishery Forum and international exhibition for fishery, seafood and know-how (Seafood Expo).

Official website of Global Fishery Forum: www.fishexpoforum.com