Aquaculture for all

Portugal Looks to Treble Aquaculture Production

Economics Politics +2 more

PORTUGAL - Portugal's Ministry of Marine Affairs is looking to double its aquaculture production by 2020 and treble it by 2023.

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The government also hopes to ultimately treble the investments made in the sector from €58 million to nearly €150 million.

This growth is hoped to be achieved through the entry into force of a set of measures, reports Publico.

Minister Ana Paula Vitorino says that expectations are more realistic than ambitious given the huge growth potential of the sector.

The Aquaculture + plan seeks to show the commitment of the government to overcoming the problems that prevent the emergence of more entrepreneurs in the industry.

"There is a high demand in the EU for seafood and therefore room for a growth in exports. It is also important to reduce our own imports," the minister said.

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