THE Pacific Islands Forum Fisheries Agency (FFA) last week announced the receipt of $US60 million ($F135m) payment for 2024 under the Economic Assistance Agreement (EAA) associated with the Treaty on Fisheries with the Government of the United States of America. FFA director-general Noan David Pakop acknowledged the receipt of the payment, emphasising its importance to the 16 Pacific Island Parties, including Fiji, that make up the FFA membership.
Earlier this week, the United States Government announced the release of the payment, which will be allocated to the Pacific Island Parties in accordance with the agreed distribution approach.
“This is a positive and welcome development, and a clear demonstration of the US Government’s commitment to the EAA, the Treaty, and its cordial relationship with Pacific Island States,” Mr Pakop said.
“We are confident that this initial payment will pave the way for the approval of the 2025 payment and future payments under the EAA.”
US Deputy Secretary of State Christopher Landau met with Pacific Islands ambassadors and representatives based in Washington to confirm the payment and reaffirm the US Government’s ongoing support for the EAA.
The Treaty, which came into force in 1988 and has been in effect for 37 years, allows US purse seine fishing vessels to fish in the Exclusive Economic Zones (EEZs) of the Pacific Island Parties.
“Over the years, its terms and conditions, and final packages have been periodically renegotiated,” FFA stated.
“The latest renegotiation was concluded in June 2024, extending the Treaty for the next 10 years (2023-2033) with revised terms, conditions and a new financial package.
The Pacific Island Parties are: Australia, Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Marshall Islands, Nauru, New Zealand, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.
Note: This article was first published on the print version of the Fiji Times dated August 18, 2025