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The Philippines has entered into an agreement with Palau to enhance bilateral relations in the fisheries sector, covering mutual trade and investment, sustainable practices, and technical cooperation, according to the Department of Agriculture (DA).
In a statement, the DA said the memorandum of understanding (MOU) was recently signed between the Bureau of Fisheries and Aquatic Resources (BFAR) and Palau’s Ministry of Agriculture, Fisheries, and the Environment.
Agriculture Secretary Francisco Tiu Laurel said the agreement serves as a key milestone in the Philippines and Palau’s shared commitment to safeguard the environment for current and future generations.
“This MOU reflects our joint commitment to sustainable fisheries management, ensuring that the fisheries industry thrives while complying with the legal framework and international obligations, such as those outlined in the United Nations Convention on the Law of the Sea (UNCLOS),” said Laurel.
Like the Philippines, Palau is engaged in a dispute against China over its repeated intrusion into the maritime borders of the Pacific island nation.
Palau President Surangel Whipps Jr. previously expressed his concern with China’s confrontations against the Philippines in the West Philippine Sea.
To recall, the landmark 2016 UNCLOS tribunal ruling favored the Philippines’ claim in the disputed waters. This, however, continues to be disregarded by China.
According to the DA, the MOU also includes the sharing of technology and development of fisheries infrastructure, as well as a reinforced partnership against illegal, unreported and unregulated (IUU) fishing.
Both the Philippines and Palau are also aiming to conserve highly migratory fish stocks, particularly those present in western and central Pacific Ocean.
The vast region is home to fish species vital for commercial production such as tuna—namely skipjack, yellowfin, bigeye, and albacore—and the marlin and sailfish species of billfish.
The two nations have committed to work together in ensuring compliance with international market standards such as that of Japan and the European Union (EU).
Under the agreement, a joint committee will be established, with ranking officials from both countries meeting annually to plan, monitor, and assess progress.
The MOU will be reviewed in five years, providing both countries with the flexibility to adapt to evolving needs and emerging priorities.
The DA chief said collaborating with Palau would not only revitalize the fisheries sector but also strengthen regional cooperation.
“We are hopeful that this agreement with Palau would be the blueprint for similar endeavors across the globe to protect and preserve marine resources as well as our seas,” added Laurel.
