Treaty on Fisheries between the Governments of Certain Pacific Island States and the Government of the United States of America | |
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Signed | 2 April 1987 |
Location | Port Moresby, Papua New Guinea |
Effective | 15 June 1988 |
Condition | 4 ratifications |
Parties | 17 |
Depositary | Government of Papua New Guinea |
The South Pacific Tuna Treaty is a fisheries treaty agreement between the United States and 16 Pacific Island countries. The treaty entered into force in 1988, was extended in 1993, 2002, [1] 2016, [2] and again in 2024, currently lasting until 2033, unless otherwise extended. [3] It allows for United States fishing vessels to fish in the exclusive economic zones of the other party states. [1]
The parties to the treaty are:
The area covered by the treaty contains the largest and most valuable tuna fisheries in the world, on which many Pacific Island countries depend as one of their most important natural resources. [2]
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Tuvalu is a Polynesian island nation located in the Pacific Ocean, midway between Hawaii and Australia, with a population of 11,192 per the 2017 census. The economy of Tuvalu is constrained by its remoteness and lack of economies of scale. Government revenues largely come from fishing licences ; direct grants from international donors ; and income from the Tuvalu Trust Fund. The lease of its highly fortuitous .tv Top Level Domain (TLD) also contributes revenue. The sale of stamps since the independence of Tuvalu in 1976 has been an important source of revenue for the country and government. However, such revenue has significantly declined in recent years. Tuvalu has hardly any tourism. It has no tour guides, tour operators, or organised activities, and no cruise ships visit.
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