BRUSSELS – The Dominican Republic has been chosen to be part of the program “FISH4ACP for the Sustainable Development of the Value Chains of Fisheries and Aquaculture in ACP Countries”, a project that aims to improve the productivity and competitiveness of fishing, through the formation of value chains that contribute to sustainable economic development and poverty reduction.
The election of the country was made in Brussels by an inter-institutional jury, as part of an initiative that is part of the private sector development plan of the Group of Africa, Caribbean and Pacific (ACP) countries, under the 11th European Development Fund (EDF), in the framework of cooperation with the European Union.
The selected project, presented by the Dominican Council for Fisheries and Aquaculture (CODOPESCA), seeks to improve the value chains of Mahi-mahi in Palmar de Ocoa, contributing to an increase in the benefits that fishermen and small and medium local businesses receive.
With its implementation, the project is also expected to meet the demand for diversified high-quality and protein-rich fishery products, while contributing to better monitoring and controlling of their catch, reducing the chances of unregulated fishing.
According to the Dominican Ambassador in Brussels, Aníbal de Castro, “the Dominican Republic´s participation in FISH4ACP will contribute significantly to the economic well-being of the residents of the fishing areas of the Southern region of the country and to the modernization of the capacities of the sector for export and national consumption”.
The “Fish4ACP for the Sustainable Development of Fisheries and Aquaculture Value Chains in ACP countries” program is part of the private sector development action plan of the Group of Africa, Caribbean and Pacific (ACP) countries, under the 11th European Development Fund (EDF).
In its first phase it will have a budget of 40 million euros to be distributed among the different regional initiatives selected. In the Dominican Republic, its execution will be carried out by the Food and Agriculture Organization of the United Nations (FAO).