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Packaging tuna projects

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Title:Packaging tuna projects
Authors:Richardson, Ian D.
Multinational Corporations in the Pacific Tuna Industry (Project)
East-West Center. Pacific Islands Development Program
LC Subject Headings:Tuna industry - Islands of the Pacific
Joint ventures - Tuna industry - Islands of the Pacific
Date Issued:Jun 1987
Publisher:Honolulu, Hawaii : Multinational Corporations in the Pacific Tuna Industry, Pacific Islands Development Program, East-West Center
Abstract:In order to maximize the financial and social benefits offered by the exploitation of the living marine resources in its newly acquired exclusive fishing zone (EEZ), a developing country must acquire the fishing, processing and marketing skills within locally based companies. Joint ventures offer one solution but many tuna joint ventures have failed to meet the expectations of the host government. This paper reviews some of the problems that have been experienced by tuna joint ventures and suggests an alternate approach which relies on the government of the host country taking the initiative rather than the usual situation in which government is placed in a position of responding to unsolicited proposals from foreign interests. Government identifies potential partners with a proven technical and commercial record in fishing, processing or marketing tuna, who are willing to participate and invest in a locally registered company, established and operated in a manner clearly determined by government. Government does not itself take a major financial stake or become involved in the direction of the company. Government does identify and encourage local entrepreneurs and bilateral and international funding agencies to provide equity and loan. The government also insures that the long term interests of the State and its people are safeguarded and there is strong commercial direction by selecting the major equity holders and board membership accordingly. Thus, unlike many tuna ventures, government's financial and management involvement in the joint venture company is strictly limited.
Description:For more about the East-West Center, see
Table of Contents:Introduction. Origin of tuna joint ventures - Role of government -- An Alternate Approach to Setting Up Tuna Joint Venture. Action - Phase 1 - Phase 2 - Phase 3 - Phase 4 -- Fishing and Processing -- Financing and Management Structure -- Operational Structure –- Conclusions.
Pages/Duration:x, 19 p.
Appears in Collections: East-West Center Books, Reports, and Other Printed Media

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