The memorandum for the promotion of the sector was signed by the Aquatic Resource Authority of Panama (ARAP) and the Oceanographic Research Institute of Israel (IOLR).
According to Laestrella.com.pa, Reynaldo Perez-Guardia, director of ARAP, stressed that the document "will enable the development of research on the genetics of aquatic organisms, marine fish pathology, reproduction, maturation, growth rate and evaluation and research of the farmed species in aquaculture."
Panama aims to have the first industrial aquaculture project in America, using the sea as a means of raising product.
The project won the Entrepreneurial Innovation price 2008, and it will cultivate the cobia species. This species can not be cultivated at water tanks because it is very susceptible to diseases. This methodology allows the species to grow in an environment very similar to their natural habitat.
Funded by the Japanese government, the project brings together several agencies to study the possibilities of tuna farming tuna in ponds.
The shortage of tuna found by deep sea fishing has promoted this type of research, which is being led by the University of Kinski, who already produce on an industrial scale blue fin tuna, a species that dwells in temperate waters..
With growth of 127% between 2010 and 2011, fish farming is offsetting the decline in fishing activities.
Capital.com.pa reports that "aquaculture has its foot on the accelerator with an increasing amount of projects and feasibility studies, and fish farming production growing by 127% between 2010 and 2011, allowing in a large part a balancing out of the consecutive losses experienced by the fishing industry as a result of overfishing of marine products, pollution and restrictions put in place precisely to protect these marine species. "
President Funes has responded to the Legislative Assembly with his comments about Decree No. 683, the amendments to the Law on Fisheries and Aquaculture.
A Press Release by the President of El Salvador states: "This decree states that it is necessary to define the scope of fisheries, with the aim of sustaining natural resources, protecting various marine species and the marine environment in general, that these natural resources are sources of employment for fishermen and their families, maintaining food sustainability and economic development in that area.”
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