No Result
View All Result
Sunday, July 6, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Collection of the state’s Tuna fishing revenues discussed

bySami Zaptia
June 28, 2020
Reading Time: 3 mins read
A A

By Sami Zaptia.

Libyan Tuna Janzur brand (Photo: Social media).

London, 27 June 2020:

Libya’s Tripoli-based Administrative Control Authority (ACA) reported yesterday that it had held a meeting on Thursday to discuss mechanisms for the collection of revenues from the 2020 tuna fishing season.

The meeting included the Ministry of Finance, the Ministry of Finance, the Tripoli Central Bank of Libya, and the General Authority for Marine Wealth.

The meeting discussed the mechanism of collecting revenues and revenues collected from the sale of tuna in accordance with the financial legislation in force in the Libyan state.

RELATED POSTS

CBL and ACA working committee to work on economic reforms – including elusive and politically challenging unified budget

ACA provisionally suspends LARMO employees

At the end of the meeting, it was agreed on the importance of cooperation between the Ministry of Finance, the Central Bank of Libya and the Maritime Wealth Authority to provide the necessary data and documents related to the subject and present it at the next meeting.

It will be recalled that in a meeting in February this year, Libya’s Tripoli based Ministry of Economy discussed organizing and regulating Libya’s tuna exports for the 2020 season today.

During the meeting, there were discussions centred around the importance of coordinating the relevant Libyan authorities to prepare a brochure of conditions in accordance with specifications and standards for fishing, selling and exporting tuna.

The establishment of a mechanism for granting fishing and export licenses for each season on reduced terms was also discussed. The meeting also debated measures to ensure that the national economy benefits from the export of tuna and provides hard currency.

It will also be recalled that the ACA had called for licensing laws for tuna fishing in Libyan territorial waters  laws to be reorganized.

The ACA had said that following the receipt of a number of complaints regarding the issuing of tuna fishing licences in seasons 2016, 2017 and 2018 from tuna fishermen / owners of tuna fishing vessels, it had conducted an investigation into the matter.

The ACA had noted that the Faiez Serraj Presidency Council and its Government of National Accord (PC/GNA) had taken over in 2016 the role of issuing tuna fishing licences from the Marine Resources Authority (part of the Ministry of Agriculture).

The PC/GNA had issued tuna fishing licences to 43 fishing vessels in 2018 and 48 in the 2019 season that started in May. However, the PC/GNA had failed to follow the correct procedures for issuing these licences. This included financial monitoring and the collection of the fees due to the Libyan state which had led to losses in the ‘‘millions’’.  The ACA had called on the PC/GNA to return the competency of tuns fishing licencing to the Marine Resources Authority.

The ACA had noted that Libya has the largest African Mediterranean coast nearing 2,000 km with the sovereignty to issue fishing licences within its internationally recognized territorial waters. It had added that fishing could be a source of increased national revenues as part of the country’s policy to diversify its economy away from hydrocarbons.

It had pointed out that Libya has been a member since 1995 of the 52-member International Commission for the Conversation of Atlantic Tuna (ICCAT) which regulates tuna fishing in the Mediterranean Sea, including the start and end of the season, the quantities permitted, and the methods allowed for tuns fishing. It noted that the ICCAT set quantities were not adhered to over the last few years.

Blue Fin Tuna captured in Libya 2016-2018 (Source ACA)

2016 – 1,323.3 tons

2017 – 1,588.9 tons

2018 – 1,796.9 tons

It will be recalled that the ICCAT had agreed increased tuna fishing quotas for the 2019 season in its  multi-annual management plan allowing for 32,240 tonnes of bluefin tuna to be caught in 2019 with 17,623 tonnes allocated to the EU. Some environmental organizations think this is too high and have been calling for tighter controls over the last few years.

It must also be noted that it is a commonly held perception in Libya that a number of fishing vessels from neighbouring countries have been fishing illegally in Libya’s territorial waters unrestrained since the collapse of the Libyan state post the 2011 revolution. Some of these foreign vessels have been operating in collusion with Libyans and Libyan fishing vessels.

 

https://www.libyaherald.com/2020/02/11/libyas-2020-tuna-export-season-to-be-regulated/

 

https://www.libyaherald.com/2019/03/27/aca-calls-for-reorganization-of-tuna-fishing-licencing-in-libyas-territorial-waters/

 

Tags: ACA Administrative Control Authorityfeaturedtuna exportstuna fishingtuna licence permits

Related Posts

CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement
Business

All imports into Libya must be paid for through official bank transactions

July 2, 2025
World Bank holds off on Tunisian $50m power plant fund; implications for Libya
Business

Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

July 1, 2025
CBL receives results from meetings with international banks
Business

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

July 1, 2025
Harouge Oil reaches record 45,000 bpd production – to increase it by 25,000 bpd
Business

Harouge Oil Operations Company replaces Al-Ghani field pipeline

July 1, 2025
Next Post
ESDF to restart cement production at its Sug Il Khamis Ahlia factory

ESDF to restart cement production at its Sug Il Khamis Ahlia factory

Serraj and Conti discuss return of Italian companies to Libya

Serraj and Conti discuss return of Italian companies to Libya

ADVERTISEMENT

Top Stories

  • CBL goes public at last about the counterfeit LD 50 notes – notes to be withdrawn until end of August

    CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
  • All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • Three Libyan companies win awards in Athens International Olive Oil Competition ‎

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.