Sealord and iwi groups partner to boost sustainable fisheries growth
Sealord board chair Whaimutu Dewes at the agreement ceremony in Auckland.
(NEW ZEALAND, 3/28/2019)
Nelson-based fishing firm Sealord and a group of iwi tribes have signed a collaborative agreement intended to create growth and value for the business and its shareholders, a fundamental focus of the Maori fisheries settlement.
The document, entitled Nga Tapuwae o Maui, gives Sealord access to annual catch entitlement (ACE) of 37 of the country's 58 iwi groups in a deal set to increase efficiencies and see greater than 80 per cent of profits returned to iwi, Stuff reported.
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