Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    State Collects MVR 172.8M in Departure Tax in September

    October 26, 2026

    MIB to Hold EGM on November 10

    October 26, 2026

    Allied Insurance Picks Up Two IFFSA Awards in Colombo

    October 26, 2026
    Facebook X (Twitter) Instagram
    Friday, October 30
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      State Collects MVR 172.8M in Departure Tax in September

      October 26, 2026

      MIB to Hold EGM on November 10

      October 26, 2026

      Allied Insurance Picks Up Two IFFSA Awards in Colombo

      October 26, 2026

      Government Unveils Tax-Free Zones and Wider Relief for Small Businesses

      October 25, 2026

      BML to Enable Dollar Payments Through Its Payment Gateway

      October 25, 2026
    • BUSINESS

      MIB to Hold EGM on November 10

      October 26, 2026

      Allied Insurance Picks Up Two IFFSA Awards in Colombo

      October 26, 2026

      Government Unveils Tax-Free Zones and Wider Relief for Small Businesses

      October 25, 2026

      BML to Enable Dollar Payments Through Its Payment Gateway

      October 25, 2026

      STO Leads Listed Companies in Corporate Governance Compliance: CMDA

      October 19, 2026
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home ยป IOTC 28th session concludes with 16-proposal adoptions

    IOTC 28th session concludes with 16-proposal adoptions

    28th session of the Indian Ocean Tuna Commission concludes with adoption of 16 proposals
    May 19, 20242 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Ministry of Fisheries and Ocean Resources has announced the conclusion of the Indian Ocean Tuna Commission (IOTC)’s 28th session on Saturday, with the successful adoption of 16 proposals.

    The ministry said that “after years of intense regulations and setbacks” a drifting FAD (dFAD) management measure was adopted – facilitated by the Maldives leadership. The ministry added this measure will play a vital role in regulating the use of dFADs deployed by purse fishing vessels operating in the Indian Ocean.

    The measure also establishes a dFAD register, a dFAD monitoring system, stricter limits on the number of dFADs, and a reduction of supply vessels.

    Besides this, the session concluded with the adoption of the Management Procedures (MP) for Skipjack tuna and swordfish. The European Union (EU) and the Maldives co-sponsored the skipjack management measure, the ministry added.

    This also marks the first swordfish management procedure established ever globally, and the first non-tuna management procedure ever to be adopted by a regional fisheries management organization.

    Maldives and Korea co-led a proposal on climate change, aimed at further strengthening the current measure providing guidance on the incorporation of climate change impacts on the functioning of the IOTC and “introduced a standing agenda item on climate change in relation to IOTC fisheries” in the Scientific Committee meetings of IOTC.

    However, Maldives said it was disappointed that the proposal on conservation of sharks submitted by the Maldives and Pakistan was withdrawn.

    Related Posts

    BUSINESS

    MIB to Hold EGM on November 10

    October 26, 2026
    Awards

    Allied Insurance Picks Up Two IFFSA Awards in Colombo

    October 26, 2026
    BUSINESS

    Government Unveils Tax-Free Zones and Wider Relief for Small Businesses

    October 25, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    BUSINESS

    MIB to Hold EGM on November 10

    October 26, 2026

    Maldives Islamic Bank (MIB) will hold its first extraordinary general meeting (EGM) of the year…

    Allied Insurance Picks Up Two IFFSA Awards in Colombo

    October 26, 2026

    Government Unveils Tax-Free Zones and Wider Relief for Small Businesses

    October 25, 2026
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2026 Maldives Business Times. by hyvemedia.

    Type above and press Enter to search. Press Esc to cancel.