President Dr Mohamed Muizzu has said the government is making strong progress in revitalizing the fisheries sector while continuing efforts to fulfil commitments made to the public.

Speaking during a podcast, which focused on the fisheries industry, the President outlined ongoing initiatives aimed at improving the sector and supporting fishermen across the country.

He highlighted reforms at the Maldives Industrial Fisheries Company (MIFCO), stating that measures to improve efficiency and streamline operations have already produced positive results.

The President noted that the government’s goal is to maintain the fish purchase price at MVR 20 per kilogram and increase it further when conditions allow.

The President also expressed optimism that the tariff exemption currently granted by the United Kingdom for Maldivian fish products would continue and eventually become permanent.

He said efforts are ongoing to secure long-term benefits for the industry through international trade arrangements.

Addressing concerns raised by yellowfin tuna fishermen, President Dr Muizzu said steps are being taken to resolve existing challenges.

He noted that MIFCO’s return to the yellowfin tuna market would help secure more competitive and sustainable prices, adding that discussions with fishermen would remain part of the process.

The President also spoke about the decline in participation within the fisheries sector, attributing part of the issue to the movement of workers into state-owned enterprises over the years.

He said current reforms within SOEs are expected to create positive economic impacts and help strengthen the fisheries workforce in the long term.

Concluding his remarks, President Dr Muizzu said the government remains committed to modernizing the industry and addressing obstacles to establishing a state-of-the-art fish market in Malé, which serves as a key hub for fisheries activities in the Maldives.