AGP Executive Report
Last update: 11 hours agoAquaculture Governance & Finance: Malaysia’s KWAP defended its RM163.4m investment in Indonesian aquaculture tech eFishery, saying it was a minority stake (2.51%) alongside major global investors, after investigations found eFishery management falsified financial statements for years; the founder was later sentenced to nine years for criminal breach of trust and money laundering. Trade Rules for Fisheries: India joined the WTO Agreement on Fisheries Subsidies, becoming the 123rd member; the pact targets marine wild capture and at-sea fishing-related subsidies while explicitly excluding aquaculture and inland fisheries, aiming to curb illegal, unreported and unregulated fishing and protect small-scale fishers. Blue Economy Cooperation: Vietnam and Timor-Leste agreed to deepen cooperation in food security and fisheries, with Timor-Leste producing about 40% of domestic food demand and seeking support to boost rural incomes and nutrition. Maritime Security & Fisheries: Nigeria’s SEREC urged stronger maritime governance and port security, linking rising drug seizures at seaports with declining domestic fish supply and calling for coordinated policy responses. Coastal Impacts on Fishing: In India, Mumbai’s Cuffe Parade–Nariman Point connector design was altered to bypass a fishing zone, shifting the route along the coast to reduce disruption to fishing areas.
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