Today, consumers, distributors and even many seafood processors commonly lack basic information about the fisheries from which fish products originate. In general, they cannot know whether the fisheries are overfished or well-managed. They cannot even be assured that the fish were caught legally – a major concern when current evidence suggests that illegal fishing could provide up to around 30% of the wild-caught seafood that reaches global markets and, ultimately, people’s plates.
Overfishing cannot end without some fundamental changes in the fishing and seafood trade. Among the most important of these is to introduce traceability and transparency into seafood supply chains. Their absence is a fundamental obstacle to getting market signals in line with sustainability.
Such a system was introduced in 2009 by the International Commission for Conservation of Atlantic Tunas (ICCAT) for the Atlantic bluefin tuna – whose dwindling stocks and exorbitant price on fish markets have been highly publicized. The required government certification at each stage of the supply chain, from the oceans to consumers’ shopping carts, has dramatically improved compliance with ICCAT regulations. Before this measure, illegally produced tuna was easily confounded with legal products and almost no incentive existed for fishermen, fish farmers, traders or retailers to respect ICCAT rules. Perhaps most importantly, the measure raised consumer awareness around the issue of illegal fishing activity as well as its serious impact on the sustainability of tuna resources.
The story is not over yet – ICCAT is now working on the introduction of an electric, internet-based traceability system which will be both user-friendly and resource-efficient. Other relevant international organizations are also seriously considering the expansion of traceability of all tuna and other major species. This is an example of great success, not only for the conservation of marine species but also in transparent and accountable supply chain management.
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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