President Ibrahim Mohamed Solih has said that the import duty will be lifted this year from resin and some of the tools used in fishing.
Speaking at his annual address under Article 84 at the opening of the parliament, President Solih said that a lot of work needs to be done to develop the Maldivian fisheries industry. He said that while the fishermen have developed the industry with their own work, the past governments have not done enough to contribute to the development of the industry.
The President said that government is going to invest in expanding the cold storage capacity at Kooddoo from 2000 tons to 6000 tons and the Felivaru capacity to 4000 tons this year.
And in response to the complaints from the fishermen regarding the fishing permits to foreign owners, their tuna fishing permits have been cancelled as per the request from Maldivian fishermen.
The President said that diving courses will also be starting this year to reduce the damages during the dives for bait.
Under the new Fisheries Act contains a number of regulations to develop the sector and make the fishing families profitable and protect the industry.