They attributed their success to its association with the PNA, successful multilateral negotiations for the recently inked US Treaty and better bilateral fishing deals.
Tokelau’s fishery generates 99 per cent of the country’s non-grant revenue, with the Purse Seine fishery generating 90 per cent of the total income estimated for 2016 at US$13.5million.
Prior to becoming involved in the PNA Vessel Day Scheme, Tokelau’s average return from its fisheries was less than US$1million.