Tuna Industry in Philippines

Industry Is going full circle again following the 2008 global collapse of several financial Institutions and renewed OLL price crisis. Fishing is a PH billion Industry In the Philippines, contributing about 4% of the country’s GNP. With an annual production volume of 2. 4 million metric tons Tuna have high commercial value post-harvest technology equipment needed to prolong the shelf-life of tuna and other species of fish, are made available, thus playing a vital role for trading and there post harvest activities.

The proximity of the city to tuna-rich fishing grounds including the Moor gulf, Sulk Sea, Mindanao Sea and adjacent Celebes Sea which are known centers of tuna abundance, is great advantage. As of September of the previous year alone, the total catch has reached a voluminous 5,031, 866 kilos where ‘sashimi” grade adult tuna comprises 35 % or about 1,774,922 kilos. The locally distributed adult tuna for local consumption ate the largely 65% chunk and distributed to neighboring cities of Dave, Buckskin, Canyon De ROR, Surging, South

Catboat and as far Japan and the U. S. , skipjack for canned markets in Europe and North America. The tuna sector accounts for 12 percent of total fish production and employs about 120,000 workers. Tuna industry contributes: government pursues a free trade agreement (FAT) with the Paean union (ELI), only the tuna industry is bound to benefit from it. 24% tuna sector shipments in the tariffs in Europe According to sir Syrians, tuna from the Philippines are being shipped within 24 hours to anywhere in the world. Frozen Large tax incentives * Fast money return -Industry data showed that exports of fresh and canned tuna reached $284 million in expansion project of a Aegean-based tuna firm that produces choice portions of tuna for export. The expansion will start commercial operations In February, 2013, and Is expected to generate Jobs. It will help boost the country’s tuna exports. Currently, tuna catch here Is about 1,000 metric tons dally and earns export revenues of about $300 million annually.

It Is the leading supplier of canned tuna, high value shall nun and tuna steaks to the Japanese, European and American markets. Tuna Industry in Philippines By mosque have looked beyond the country’s fishing grounds for their operations. Margarine Tan, cope, if not non-existent. During the stretch when the industry became the single top especially in the late sass and early sass. But the industry is going full circle again following the 2008 global collapse of several financial institutions and renewed oil price crisis.

Fishing is a PH billion industry in the Philippines, contributing about f fish, it directly provides livelihood and employment to over one million Filipinos government pursues a free trade agreement (FAT) with the Paean Union (ELI), only 2011. The Board of Investments (801) has approved tax incentives for a Pl 20-million for export. The expansion will start commercial operations in February, 2013, and is tuna catch here is about 1,000 metric tons daily and earns export revenues of about $300 million annually. It is the leading supplier of canned tuna, high value sashimi