Peru will become one of the top aquaculture producers in Latin America and will be a major global competitor in fishing for direct human consumption by 2021, Production Minister Pedro Olaechea projected.
To achieve the said objective, the Andean country relies on the National Program for Innovation in Fisheries and Aquaculture (PNIPA) set to finance 2,000 fisheries and aquaculture innovation projects over the coming four years.
"The initiatives will be determined through a series of calls nationwide. There will be 261 research projects as well as 1,723 technical assistance and training projects," he told El Peruano official gazette.
The cabinet member explained the program is backed by a US$120 million fund, out of which US$40 million come from a World Bank loan
and the remaining US$80 million from the Peruvian Government
The implementation of these projects will boost the sector's productivity and increase its competitiveness, thus enhancing value chains and generating greater added value.
In addition, it will strengthen food security and enhance the use of fisheries and aquaculture biodiversity.
Olaechea stressed aquaculture can be carried out in other regions besides the coast. "Peru has up to four water regions differing from each other by their natural conditions."
He pointed out a special fauna can be found along the northern coast between Tumbes and Piura regions, whereas anchovy
and other resources are available on the southern coast.
On the other hand, the southern highlands are characterized by species like trout, silverside, among others.
The fourth region includes rainforest rivers. "Due to their natural conditions, they offer a series of opportunities for aquaculture's growth," he concluded.