PNG Economics Bulletin

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Prime Minister Marape Emphasises Commitment to Securing Maximum Benefits for PNG in Wafi-Golpu Mine Development

Prime Minister Marape Emphasises Commitment to Securing Maximum Benefits for PNG in Wafi-Golpu Mine Development Port Moresby, 18 March 2025 – Prime Minister Hon. James Marape has reinforced...

MINISTER FOR WORKS AND HIGHWAYS RESPONSE TO CENTRAL GOVERNOR’S CONCERNS ON THE CONNECT PNG PROGRAM

The Marape – Rosso Administration acknowledges the concerns raised by the Governor for Central Province in the news media on the 4th March 2025, regarding security risks associated with the...

Captain Beverley Pakii Sets New Milestone as Papua New Guinea’s First Airbus A220 Captain

Air Niugini’s Captain Beverley Pakii continues to record milestones in the aviation industry, this time becoming the first Papua New Guinean Airbus A220 Captain after successfully completing her type...

Santos Reviews CEPA Directive for K50 Million Compensation to Kutubu Landowners

Santos, the operator of the Kutubu oil fields says it is reviewing a direction by the PNG lead  environment regulator to pay millions of kina to Kutubu landowners for damages to two river...

MRA Management, Staff Welcome New Mining Minister Wake Goi

The Mineral Resources Authority (MRA) management and staff officially welcomed the newly appointed Mining Minister, Hon. Wake Goi MP, to the MRA on yesterday.  Minister Goi, who serves as the...

Bougainville Labour Mobility Alumni Celebrate Successful Pilot Program

Bougainvillians returning from seasonal work in Australia are leveraging their newly acquired skills and earnings to launch agricultural projects and businesses within their communities. Recently...

Santos announces refinancing of syndicated debt facility

Santos this week announced it had executed documentation to refinance its 2025 maturing syndicated bank loan facility. Santos holds leading shares in the PNGLNG Project following the successful merger...

Twinza’s Pasca A Gas Project on the cards to boost PNG Economy: PM satisfied with Progress

Prime Minister James Marape yesterday convened with State Lead Negotiator Dairi Vele yesterday to discuss key developments related to the Pasca Gas Condensate Project, located offshore from Kerema...

Kina Asset Management Ltd Declares Record Interim Dividend for 2024

Kina Asset Management Ltd (KAML) has announced a historic interim dividend of 20 toea per share for the half-year ending 30 June 2024, following a strong net profit of K9.9 million. This record...

Papua New Guinea Among FFA Nations Criticized for Blocking Transparency in Tuna Fisheries Governance

 Accountability.Fish, a global non-governmental organization focused on enhancing transparency and accountability in international fisheries governance, has issued a strong critique of the Western Central Pacific Fisheries Commission (WCPFC) for its lack of openness.

In a statement, the organization named Papua New Guinea (PNG) as one of 17 member states of the Pacific Islands Forum Fisheries Agency (FFA) that have obstructed civil society observers from participating in crucial Technical and Compliance Committee (TCC) meetings—an action that undermines the commitments of signatories to the United Nations Fish Stocks Agreement (UNFSA).

The WCPFC, responsible for regulating nearly 60% of the world’s tuna supply, has been accused of maintaining closed-door meetings that prevent civil society representatives from participating in discussions that significantly impact the sustainability of tuna fisheries. This exclusion practices reflect a troubling trend in governance that Accountability.Fish says is damaging not only to non-governmental organizations but also to market players, academic researchers, and conservationists seeking to engage in the decision-making processes.

Accountability.Fish Global Director Ryan Orgera stated, “By excluding observers from these vital compliance discussions, the WCPFC stands alone among tuna Regional Fisheries Management Organizations (RFMOs) in blocking civil society’s ability to accurately monitor sustainability. This lack of transparency is detrimental to a wide range of stakeholders who have a vested interest in the sustainable management of our fisheries.”

The NGO’s assertion comes amidst ongoing concerns over the transparency of WCPFC, which has been criticized for its steadfast reluctance to incorporate external oversight. The report drafting sessions of the TCC, where crucial regulatory decisions are made, have not allowed observers since the Commission’s founding nearly two decades ago.

In addition to naming the 17 FFA members, which also include Australia, Fiji, Kiribati, and New Zealand, Accountability.Fish has identified several nations, including Canada, the EU, France, Japan, the Republic of Korea, Indonesia, and the United States, as “complicit” in perpetuating this lack of transparency by overlooking the WCPFC’s opaque practices.

Despite widespread ratification of the UNFSA by WCPFC members, which mandates observer access to meetings and processes, the Commission continues to shield discussions from public scrutiny. Some member nations have voiced concerns about the potential for NGOs to “air dirty laundry,” but Accountability.Fish contends that such attitudes are counterproductive to achieving effective fisheries governance.

“More proactive measures are essential for aligning WCPFC with its transparency policy and international obligations,” Orgera added. The organization is calling on the 17 identified FFA countries, including Papua New Guinea, to reform their practices and open these vital discussions to civil society engagement.

Achieving transparency in fisheries governance has never been more critical, as the global demand for tuna continues to rise. Accountability.Fish believes that by fostering an environment of open dialogue, the WCPFC can enhance its credibility and better fulfill its mandate to ensure the sustainability of the world’s tuna stocks. “Our only goal is to ensure more transparent and accountable processes in RFMOs, which we believe is the key to sustainable outcomes,” Orgera concluded, urging member states to uphold their commitments and invite civil society to participate in the crucial governance of international fisheries.

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