July 4, 2020

CRFM and partners to unlock the full potential of Caribbean fisheries through value chain approach

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adding-value-to-fisheries-p, Belize, 13 December 2015 ()—Some fear that climate change and global economic pressures will create a toxic mix that would cripple the potential of the fisheries and aquaculture sector, but a new initiative being implemented by the Regional Fisheries Mechanism (CRFM) is looking for that “golden key” that would, instead, unlock the industry’s hidden potential for all concerned; thus improving the contribution of fisheries to the region’s economic development. This should ensure that both suppliers and buyers have more money in their pockets, as they keep the resource base on a healthy and sustainable footing.

A newly launched project will over the next year bring together key public and private actors in the fisheries and aquaculture sector, to optimize the benefits across the value chain – from the fishers who set their traps to reap the ocean’s bounty to the buyers who search for the most economical catch to serve up an impressive meal.

Towards this end, the CRFM led a planning meeting in Grenada from 7-9 December 2015 to jumpstart the organization of a regional training and capacity building workshop on the Value Chain Approach in Caribbean Fisheries. The workshop will take place in July 2016.

Planning-meeting-held-in-GrThe initiative is geared towards building capacity among key government and private sector representatives, and in particular small and medium enterprises (SMEs) in fisheries and aquaculture, to use the value chain approach to optimize economic benefits. The value chain approach looks at every operational level in the
industry, including production, processing, distribution on the local and export markets, as well as marketing and sales to wholesale agents and retail buyers.

Chief or Senior Fisheries Officers and private sector representatives from the 17
CRFM Member States will have an opportunity to participate in the training, which will be delivered by the CRFM, UNU-FTP, and the Department of Agricultural Economics and Extension, Faculty of Food and Agriculture, at the University of the West Indies, Trinidad and Tobago campus.

Personnel from the CRFM, UWI, UNU-FTP, the Caribbean Fisheries Training and Development Institute (CFTDI) in Trinidad and Tobago; the University of , and the University of Akureyri in are part of the planning team which is developing the course program and follow-up activities.

Woman-vendor---webLast week, the team began discussions to formulate the course outline and content, identify the status of supply and value chains in the region, and discuss the data available in the region that is necessary to conduct a value chain analysis. The team will also develop representative case studies, as well as training material and a manual for use in the regional training workshop.

The industry-oriented training will be followed by the development of short-term and medium-term action plans for implementation of the value chain in selected pilot studies within CRFM Member States.

ABOUT THE CRFM:

The Caribbean Regional Fisheries Mechanism (CRFM) was officially inaugurated on 27 March 2003 in Belize City, Belize, where it is headquartered, following the signing of the “Agreement Establishing the CRFM” on February 4, 2002. It is an inter-governmental organization whose mission is “to promote and facilitate the responsible utilization of the region’s fisheries and other aquatic resources for the economic and social benefits of the current and future population of the region.”

IMAGES:

Producers add value to seafood

Mr. Milton Haughton, Executive Director, CRFM Secretariat; Dr. Thor Dadi Kristofersson, University of Iceland; Dr. Clement Iton, UWI; Dr. Sharon Hutchinson, UWI; Ms. Tullia Ible, CFTDI; Dr Ogmundur Knutsson, University of Akureyri, Iceland; and Mr. Justin Rennie, Chief Fisheries Officer, Fisheries Division, Grenada

Value chain analysis will also look at improving the supply of fresh reef fish at Caribbean markets

NOTE: This story has been amended since first published

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