Navigating Challenges in Latin American Fisheries: The 2025 CoP Panel Highlights
In March 2025, Merida, Mexico, hosted the Latin America Community of Practice (CoP) Panel, bringing together industry leaders, NGOs, and stakeholders to address the pressing issues facing Fishery Improvement Projects (FIPs) in the region. The session, titled “Supporting FIPs to Overcome Roadblocks to Progress,” aimed to shed light on the challenges that lead to FIPs becoming inactive and to brainstorm actionable solutions.
Understanding the Inactivity in FIPs
Fishery Improvement Projects are collaborative efforts aimed at promoting sustainable fishing practices. However, many FIPs, especially in Latin America, face hurdles that stall their progress. Common challenges include:
• Lack of Market Demand: Some fisheries struggle to find markets willing to pay for sustainably sourced products, leading to financial constraints.
• Insufficient Funding: Many FIPs rely on initial funding from foundations, which may not be sustainable in the long term.
• Stakeholder Engagement Issues: Disparities in the pace of action between FIP implementers and stakeholders can hinder progress.
• Unclear Buyer Engagement: Ambiguity regarding buyers’ long-term commitments can lead to uncertainties in FIP planning.
Strategies for Revitalizing FIPs
Panelists, including Natasha Novikova, Founder and President of ForSea Solutions, shared insights and success stories to illustrate how FIPs can overcome these challenges:
• Comprehensive Scoping at Launch: Ensuring a well-defined plan with realistic timelines and stakeholder roles can set a strong foundation.
• Hands-On Support: Providing on-the-ground leadership and continuous guidance helps maintain momentum.
• Market Diversification: Identifying new markets or improving product quality can open up additional revenue streams.
• Peer-to-Peer Networks: Establishing mentorship programs between established and new FIPs can facilitate knowledge sharing.
The Role of Industry Support
Active participation from industry players is crucial for the success of FIPs. Support can manifest in various forms:
• Financial Contributions: Investing in FIPs can help cover operational costs and fund improvement actions.
• Buyer Engagement: Committing to sourcing from FIPs and providing letters of intent can offer much-needed assurance.
• Technological Support: Introducing traceability systems and quality enhancement technologies can improve product value.
The 2025 Latin America CoP Panel underscored the importance of collaborative efforts in overcoming the challenges faced by Fishery Improvement Projects. ForSea Solutions emphasized that addressing funding gaps, enhancing stakeholder engagement, and fostering consistent industry support are key to ensuring long-term progress. Through its continued engagement in multi-stakeholder initiatives, ForSea Solutions reaffirms its commitment to supporting sustainable fisheries throughout Latin America.
