Fishing has been one of the Philippines’ biggest industries, with many fishermen in its coastal waters competing to catch a particular species of fish.
But the country is grappling with a shrinking fishery and is facing a rising cost of doing business.
The country is also facing a growing number of cases of illegal fishing, particularly in the south and the north.
The fishery is estimated to be worth $1.6 billion, or more than $50 million per year, but the government is now working on a plan to address that.
A new proposal to regulate fishing in the South China Sea, as well as in other areas, is also being considered by the government, with some fishermen complaining that it will harm their livelihoods.
It is unclear how the proposal will be implemented, but in December the Philippines signed a pact with Malaysia and Singapore to set up a global fishery monitoring system.
That initiative will allow fishermen to report violations, but not penalize them.
In the South Pacific, China has been expanding its fishing capacity and fishing areas in the area around the disputed Senkaku Islands in the East China Sea.
But it is unclear whether that will affect the fishery’s ability to meet demand in the country.
The Philippines has also been struggling to maintain its domestic fishing industry after years of falling prices.
Last year, Philippine officials estimated that the country was losing about $20 million per month to fishing-related losses.
The government also estimates that fish prices have risen by 40 percent over the past 10 years, and that imports from China have increased from 1.6 million tons to 6.6 to 8.6 percent of total fish consumption.