FISHERY IMPROVEMENT PROJECT (FIP)
Tequesta Bay® Foods is a participant in the Bahamas lobster fishery improvement project.
The Bahamas spiny lobster fishery exports the majority of its product to the United States and Europe for an estimated $80 million dollars. Thousands of Bahamians earn a livelihood fishing for lobster on a full or part-time basis. Critical issues challenging this fishery include: government capacity to address illegal, unreported and unregulated (IUU) fishing; adopting a harvest strategy; reviewing management performance; and collecting reliable spatial catch data. The active involvement of FIP Stakeholders, including the Bahamas Marine Exporters Association (BMEA), the Department of Marine Resources (DMR) and The Nature Conservancy (TNC), and FIP Participants drives improvements against the Marine Stewardship Council standard.
In addition to participating in the FIP, Tequesta Bay Foods requires our suppliers to comply with all applicable legal requirements for the seafood we purchase, and to further the environmental and social sustainability of their local fisheries.