Foreign trawlers are stripping Puntland's waters and we're getting nothing — a proper fisheries licensing regime could fund the entire regional budget
The waters off Puntland's 1,100km coastline are among the most fish-rich in the world. Currently, illegal foreign fishing vessels (mostly from Asia and Europe) operate there with impunity. A functioning fisheries licensing and enforcement regime — like those run by Pacific island nations — could generate hundreds of millions annually. This requires Puntland Coast Guard investment and direct bilateral agreements with foreign fishing nations, bypassing the HSM administration which signed away fisheries authority to SOMTURK (a Turkish military pension fund).
Questions for the community:
- What would it take to make this happen in the next 5 years?
- Which country's model fits Puntland's situation best?
- What can diaspora Puntlanders do right now to push this forward?
Part of the r/puntlandfirst Futures Series — building the case for Puntland's economic autonomy.