The effects of climate change and overfishing have led  to a drop of 40% in  the Panama  fishing industry this year says  the  Aquatic Resources Authority

The sovereignty of the Republic of Panama consists of 70% sea and 30% of land, and in the Pacific  only there are more than 25,000 artisanal fishermen surveyed who follow the activity without regulation, warns, the Authority administrator Flor Torrijos

To try to reverse the breakdown in fishing activity, the industry is betting on aquaculture. In the next eight years, more than$ $55 million will be invested in the cultivation of cobia, bojalá, tilapia, seaweed, proliferous shells, yellowfin tuna, , in marine farms.

Panama has the perfect water to develop mariculture and the objective in this five-year period is to promote this activity with the use of sophisticated technology, which allows for increased resources and exports, said Torrijos.