Korean companies Dongwon Group and LG Electronics signed a Memorandum of Understanding (MoU) to reduce the carbon emissions of Dongwon by more than 40 percent by 2030. The Group, whose subsidiary Dongwon F&B reigns the Korean tuna market, will invest KRW 40,000,000,000 (USD 29.70 million) in the project for various high-efficiency heating, ventilation, and air conditioning solutions.

One of the first target sites for introducing the project will be the company’s business unit, Dongwon Loex, which operates a global network of transportation, ship loading and unloading, storage, and overseas logistics and has a terminal at the port of Busan. Its specific work requires the application of a cold chain system, reported Korean news sites. Dongwon has vessels fishing for tuna in the Pacific, Atlantic, and Indian Oceans. In 2020, when it celebrated its 50th anniversary, Dongwon committed to implementing carbon neutrality by reducing its emissions in its core businesses, including fisheries and food.

The EU and Fiji recently renewed its Interim Economic Partnership Agreement (IEPA) but the Pacific Island state needs to ease down on duties for products from the bloc to implement it successfully. Fiji’s Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, said that the country might lose the deal if it does not allow some products from the EU tax-free. The IEPA is crucial for Fiji’s tuna sector as state-run PAFCO exports small volumes of pre-cooked loins to the EU, mainly Spain.

“Fiji needs to open its markets to goods from the EU under the terms of IEPA. This involves removing tariffs on imports of certain products making it easier for goods from the EU to enter Fiji’s market,” Kamikamica explained during a ministerial meeting earlier this week, reported Fijian news sites. He said that the IEPA had opened up opportunities to export goods such as tuna, sugar (the largest commodity), ginger, and mineral water to the EU reaching a peak of USD 132.40 million in 2022. He assured that Fiji would communicate with the bloc, to ensure that the trade agreement is not threatened and will resolve any issues that might come up during the implementation.

The Spanish coastal town of Isla Cristina is hosting the annual open-air exhibition ‘A Bowl of Tuna’ and the 22nd Almadraba Captains Meeting from September 8 to 15. It is organized by the Society of Friends of Thunnus Thynnus Tuna and Wine Lovers, in collaboration with the island council. The week-long event will witness a tuna conference over bluefin fishing, lectures, presentations, and workshops. The organizers said that 12 bluefin artworks, made by artists in Isla Cristina and nearby islands, would be exhibited at ‘A Bowl of Tuna.’ They told Spanish news sites that “each tuna has an essence and a message that gives them different personalities reflecting the watermark of their respective authors.”

The city council stated that it will emphasize the need for opening an Almadraba for the islanders since Isla Cristina is a crucial tuna city with bluefin fishing being one of its fundamental economic pillars. The Port of Isla Cristina is the most important in Andalusia with a large number of tuna and other fishing boats landing their catches daily. There has been a rising demand for the return of an Almadraba in the island over the past few years. This fishing technique was practiced in the region almost a century back. The Almadraba is currently practiced in the other municipalities such as Barbate, Zahara and Conil.