Palau Signs Fishing Deal With Foreign Companies

Palau has signed a memorandum of agreement with three foreign fishing companies operating in the country, Palau Horizon reports. The agreement will implement regulations that can generate more income for Palau. The regulations include a 50 percent increase in licensing fees, the expansion of the no fishing zone, the ban on shark fining, and the requirement that vessels return within 30 days. [...]

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News Item Updated 29 Jul, 2009
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