Fishing remains an important part of the VI culture and economy despite the challenges facing the industry. Photo: VINO

This is the view expressed in the BVI Fishing Complex Annual Report 2011, which was present to the September 3, 2012 House of Assembly sitting. 

According to the report, there are different views that are being shared including those that support the current disposition of the Conservation and Fisheries Department’s role as a marketing and sales tool for the local fishing industry managed by the government with commanding legislative ability to control the market where fish and seafood prices are concerned. 

Another view, the report stated, proposes that fisherman’s cooperatives be formed and allowed to manage and control the fishing industry through the use of the services of the facility but partially regulated by the government as a silent partner. “With the joint efforts of the local fishermen and various other government departments, the BVI Fishing Complex would fulfil its original mandate in establishing a centralized point for the purchase and sale of fresh seafood through the establishment of fishermen co-ops. The implications of this should be apparent. Eventually a bigger, better equipped and self-sufficiently funded facility would result. As such, exportation of our fresh seafood once the needs of the Territory are met would be the next step. Hence the remodelling of the BVI Fishing Complex is suggested.” 

The report also suggested that the most cost effective and innovative way to approach the issue is to establish the BVI Fishing Complex as a statutory body and given substantial financial and legislative support so that all fish and seafood products are regulated through the BVI Fishing Complex. 

The BVI Fishing Complex Report 2011 said the complex raked in some $972,862.11 with seafood sales totaling $826,640.32 and other sales amounting to $146,221.79 in that year. It also noted that despite government subsidy the complex was facing many challenges to be profitable on the market due to increased competition from other suppliers and decreased spending by consumers and that there was need for a change in the way business is conducted.