President Mohamed Nasheed said the government planned to open up the fisheries sector to aquaculture.
The Maldives would hold an international seafood exhibition next year on Fishermen’s Day, Nasheed added speaking at a function at Thiladhunmathi atoll Ihavandhoo.
The president said the fisheries sector and economy had been badly affected during the past year and that fish catch had declined for a fifth consecutive year.
He said the increase in fuel prices last year had worsened the situation.
At the function, held to mark Fishermen’s Day, the president gave out prizes, a memorial plaque and commemorative certificates.
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