Fishery and Aquaculture Country Profile for Bahamas - aquatic species caught by country or area, by species items, by FAO major fishing areas, and year, for all commercial, industrial, recreational and subsistence purposes. The harvest from mariculture, aquaculture and other kinds of fish farming is also included.
Commercial Fishing And The Bahamas
This industry is also a major employer as some 12,000 Bahamians find work as fishermen, fish vendors, boat owners or processing plant owners and workers. In The Bahamas fishing is a major source of foreign exchange earnings as it is an economic activity approaching $100 million annually with exports to the United States and the European Union as the main markets. This industry is also a major employer as some 12,000 Bahamians find work as fishermen, fish vendors, boat owners or processing plant owners and workers. Its contribution to the country's GDP is about 2%. The Government of The Bahamas policy reserves the commercial fishing industry, as far, as is practical, for the exploitation by Bahamian Nationals. Commercial fishing vessels fishing within the Exclusive Economic Zone (EEZ) must be 100% Bahamian owned. Seafood processing facilities have been placed on the list of areas specifically targeted for overseas investors. Further, all investment projects with non-Bahamian interest must have the approval of the Government's National Economic Council (NEC).
This industry is also a major employer as some 12,000 Bahamians find work as fishermen, fish vendors, boat owners or processing plant owners and workers. In The Bahamas fishing is a major source of foreign exchange earnings as it is an economic activity approaching $100 million annually with exports to the United States and the European Union as the main markets. This industry is also a major employer as some 12,000 Bahamians find work as fishermen, fish vendors, boat owners or processing plant owners and workers. Its contribution to the country's GDP is about 2%. The Government of The Bahamas policy reserves the commercial fishing industry, as far, as is practical, for the exploitation by Bahamian Nationals. Commercial fishing vessels fishing within the Exclusive Economic Zone (EEZ) must be 100% Bahamian owned. Seafood processing facilities have been placed on the list of areas specifically targeted for overseas investors. Further, all investment projects with non-Bahamian interest must have the approval of the Government's National Economic Council (NEC).
The Ministry of Agriculture, Fisheries & Local Government - The Food Act, The Food (Seafood Processing & Inspection) Amendment Regulations.
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