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Ref:309/02

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Australia - April 16, 2002 Source: Minister for Forestry and Conservation
Another good year for fishing industry
The gross value of fisheries production in Australia rose by 4 per cent to $2.48 billion in 2000-01, reflecting another good year for fishing, Federal Fisheries Minister Senator Ian Macdonald told the Fisheries Research and Development Corporation’s 10th Anniversary Dinner. (Tuesday Evening).

Senator Macdonald said that the Fisheries Research and Development Corporation (FRDC) had played a key role in the ongoing balancing act between developing industry sustainability and protecting our valuable natural resources.

“The FRDC is an important contributor toward enhancing the efficiency of the industry commensurate with our shared desire to protect our fisheries for the long term,” Senator Macdonald said.

“Other figures to be released later this week by ABARE for the 2000-01 financial year show exports are $2.2 billion, a 9 per cent increase on the previous year.”

Senator Macdonald said that, not only has the gross value of production increased, but particular sectors also performed well. For example, in 2000-01:

  • the gross value of Australia’s aquaculture sector rose by 9 per cent to $746 million; and
     
  • the value of farmed southern bluefin tuna in South Australia rose to $264 million.

“The FRDC has played a critical role in research and development, contributing to the overall performance of the industry in such diverse areas as food safety guidelines, aquaculture development and by-catch reduction.

“The FRDC has been able to lever nearly $2 from other sources for each $1 it invested on research and development, for a total investment in projects last year of $52 million.

“I congratulate the FRDC on ten successful years of contribution to our fisheries,” Senator Macdonald said.

***Senator Macdonald will address the Decade of Fisheries Research & Development Corp Dinner from 6.30pm tonight (Tuesday) at the Australian War Memorial.***

Further inquiries:

Senator Macdonald's office:
David Moore 0417 774 724


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