Government plans investment in Brazilian fisheries
Date added: 3rd February, 2010 at 09:57
(view all articles from February, 2010)
Categories: Natural Resources
The Brazilian government is planning to make an investment in Brazil's fisheries.
In 2009, four new vessels were built, but now 23 new units will be introduced to waters off the coast of Ceara and Rio Grande do Norte, reports MercoPress.
The $17 million (£10.6 million) investment in Brazil's fisheries will aim to push the Latin American country's production of fish to 20 billion tons, up from its current total of more than one billion tons.
Minister of Fisheries Altemir Gregolin said investment in Brazil's fishing infrastructure was needed in order to keep the sector in growth.
He said: "We must monitor the situation closely; we can't be careless. Should that happen, our natural resources would simply be exhausted."
Much of the fishing in Brazil takes place in the North East of the country.
Traditionally, shrimp and swordfish are two of the most farmed fish in Brazil, with the former caught off the coast of Ceara and Bahia, and the latter from Paraiba.
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