Category : Economy

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Fish-Seafood-Market

Global Demand for Seafood Tests Indonesia’s Sovereignty

Since April 1, Thailand has closed its Andaman Bay for commercial fishing and will maintain the policy until June 30. In a similar maneuver, China will adopt a moratorium on fishing in its waters from the Yellow Sea to the East China Sea and the South China Sea from May 1 to September 1.

Altogether more than 250,000 fishing vessels will be affected, and many of them will venture further to catch fish to avoid the costs of stopping operations completely.

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Scoping-Report-Climate-Friendly-Economic-Growth

Scoping Report: Climate-Friendly Economic Growth

Indonesia is currently at a crossroads. Having survived the Asian financial crisis in 1997-1998 and returned to democracy, Indonesia has shown impressive social and economic progress, with average economic growth of 5.7 percent between 2003 and 2012. The growth contributed to Indonesia’s “graduation” to a middle-income country and to reducing the poverty rate from 24 percent to 12 percent in the period of 1999-2012. It is very likely that Indonesia will become the world’s seventh, sixth, or even fifth largest economy by 2030.