February 25, 2004
Morocco Targets US$22.2 Billion Fisheries Exports
Morocco's new fisheries strategy will enable a 2 million ton annual production by 2007, including 15,000 T in aquaculture, with a rise in fish exports that can reach 200 billion dirhams (US$22.2 billion).
Through this policy, the fisheries department aims to create 90,000 direct and indirect jobs and ensuring food security by encouraging local consumption of fish, so that it reaches 14 kg per individual by 2007 (from an average 7 kg/per person presently), the ministry said in a release.
The new policy, which includes revision of the legal, institutional and organizational frameworks, introduces a new exploitation concept based on precise scientific data.
According to the document, investments worth 20 billion dirham (US$2.2 billion) were made in the sector by the department or the private sector.
The release said the 2003 production will be close to that of 2002, i.e. 930,000T for a 5.3 billion dirham (US$580 million) value.