- MSC celebrates that 20.000th sustainable MSC-labelled product comes from Migros
- Potential measures against the Faroe Islands
- Council Mandate Brings CFP Reform Closer
- North Sea RAC meets the Norwegian Fishermen’s Association
- European Commission unveils maritime strategy for the Atlantic
- All Aboard for the Reform of Common Fisheries Policy
- New Managing Director at Qalut Vónin
- Commission calls for cooperation to boost sustainable aquaculture in Europe
- Russia complains over EU-Mauritania Fisheries Partnership Agreement before WTO
- Damanaki at Seafood Expo 2013
- Damanaki launching new online market intelligence tool for fisheries
- Action Plan to save sea birds
- World`s largest Seafood Trade Fair opens tomorrow
- Agriculture and Fisheries Council, 22 April 2013
- Reviving the Mediterranean blue economy through cooperation
Investing in Inuit-Owned fisheries
Canadian government has decided to make good investment in Inuit-owned fisheries, confirms a report.
According to the press communiqué the Honourable Leona Aglukkaq, Minister of the Canadian Northern Economic Development Agency (CanNor) and Minister of Health announced a two-year investment of just over $400,000 for Niqitaq Fisheries Limited. The investment will lead to an increase in the level of Inuit ownership and participation of the offshore fishing industry in Nunavut.
Minister Aglukkaq said that the government is eager to invest in the commercial fishery in Nunavut -- one of the key sectors for economic development in the region. He added that Inuit-owned companies like Niqitaq are major contributors to economic development and job creation in Nunavut.
CanNor is making investment in the right direction into the economic development of the North, says Ben Kovic, Chairman and President of Niqitaq Fisheries Ltd. CanNor's investment will allow Niqitaq Fisheries Limited to purchase 49 percent of the non-Inuit shares of the vessel Sikuvut. This will result in Niqitaq Fisheries owning 100 percent of two of their three vessels, and will give the company more control of their fishing enterprise and the benefits associated with the fishery.
WorldFishingToday d. 08-06-2012