Fishery Joint Ventures in Developing Countries
To an increasing degree joint ventures are being used to assist developing nations to make better use of the fishery resources in their own waters or adjacent thereof. Japan has been active in this field, providing technical assistance, equipment, training, and fellowships. The Japanese fishing industry has also provided capital and skills.The first Japanese fisheries joint venture was established in 1953 and the system has grown rapidly since; by March 1972 there were 38 countries involved, with 77 enterprises and a capital investment of $25 million. Most joint ventures have been established in Asia and Oceania; Africa has shown the greatest increase in recent years. Most enterprises are for fishing activities, especially trawl fishing for shrimp; the others are for cold storage, fish processing, and aquaculture.About 46% of joint venture enterprises are owned mostly by Japan, but increasingly the local country has an equal or larger share. Most land-based employees are of the local country, but over half the fishermen are Japanese; this reflects the difficulty of obtaining enough skilled local fishermen. One task of the ventures should be to train such men.Successful joint ventures require the following: The national interest of the recipient country should be kept fully in mind; Recipient countries should take the steps necessary for resource conservation, for prevention of conflicts on the fishing grounds, and for avoiding excessive competition; Fisheries require complex infrastructures, including harbors and supply and storage facilities, which cannot be supplied by commercial enterprises. Arrangements should be made by the recipient country to provide these, by the government or through bilateral or multilateral assistance; and Recipient governments should fully appreciate the characteristics and risks of fishery ventures, and take a long view of development. They should recognize the need for exploratory and experimental fishing, and give favorable treatment regarding taxation, employment, import of fishing materials, and remittance of foreign exchange.