Australia’s Commonwealth fisheries continue to be well-managed and sustainable, according to a new report released today by the Australian Bureau of Agricultural and Resource Economics (ABARES).
Assistant Minister for Forestry and Fisheries, Jonathon Duniam, said that the ABARES Fishery Status Report 2020 was a testament to the hard work and dedication of the industry and government.
“This report has found that none of the stocks in fisheries that are solely managed by the Australian Government were classified as subject to overfishing for the seventh consecutive year,” Assistant Minister Duniam said.
“It shows Commonwealth fisheries are well-managed and they are subject to a range of management and monitoring measures to ensure their sustainability.
“The economic performance of fisheries managed by the Australian government was valued at AUS$437 million in gross value of production (GVP) in 2018–19, which represents 24 per cent of the AUS$1.79 billion GVP of Australia’s total wild-capture fisheries.
In response to the Covid-19 pandemic, Assistant Minister Duniam said, “Our government is playing its part in supporting industry, waiving levies for Commonwealth fishers, assisting in market diversification and providing funding for the first industry-led marketing campaign to encourage Australians to eat more Australian seafood. Importantly, we have also created and invested in an international freight assistance mechanism that means our fishers can continue to get product to key export markets, which has just been extended to 30 June next year.”