Sealord Iwi collaborations to see increased returns

A series of fishing quota collaborations signed today between Iwi and Sealord will increase financial returns for all parties.
Five year agreements will see Iwi providing their annual catch entitlements (ACE) for Sealord to fish with a share of profits obtained from catching, processing and selling the fish going back to Iwi.
One arrangement is with the Top of the South Collective, a fishery collective including Ngati Koata, Ngati Tama and Te Atiawa Iwi.
A second is with the Te Atiawa Taranaki Collective including 10 Iwi from Taranaki, Whanganui, Rangitikei, and the Kapiti Coast. A similar agreement with Te Kupenga o Maniapoto (Te Kupenga) together with four other Iwi has also been signed.
The deepwater ACE of each Iwi including hoki, orange roughy, southern blue whiting and alfonsino of up to 4,800 tonne is to be caught on Sealord’s factory vessels.
Top of the South Collective’s Pat Park says there are key reasons for entering into the relationship.
“This is an opportunity to try something new and see increased rewards from our fisheries assets. The agreement extends and supports our relationship with a key business and employer in our rohe that we have an ownership share in through Aotearoa Fisheries."
Te Atiawa spokesperson Alan Riwaka said the agreement would increase the financial returns usually received for their ACE.
“Working with other Iwi and pooling our quota resources with Sealord to share the returns will increase the earnings from this asset, whilst ensuring it is in good hands.
“Our arrangement also includes a pataka system to provide access to customary fishing needs of these Iwi,” he said.
For Te Kupenga the arrangement provides an ACE plus return.
“We are focused on optimising our returns for the long term. We also recognise that the agreement has other benefits for our people and their involvement in the industry.” said Te Kupenga spokesperson Tony Magner.
For Sealord the opportunity to work more directly with Iwi was based on a programme called Ihu to Mai.
“Sealord has been developing relationships with iwi through Ihu to Mai which we believe benefits all parties. Ihu to Mai increases the long term access to quota for Sealord and provides a more direct influence in the way fishing assets are utilised for Iwi,” said Sealord Fishing General Manager, Doug Paulin.
The agreed arrangements also include opportunities for Iwi members to receive fishing scholarships and work experience opportunities.

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