Hon. Chairperson of the Whole House Committee,Hon. Members
It is with immense honour that I present to this August House Vote 22:Fisheries and Marine Resources.Before I present vote 22, I would like to congratulate both the Speakerand the Deputy Speaker of the House for re-election and election. Iwish them the very best during their terms of office. In the same vain,I with to extend my warm welcome to our newly elected members of Parliament, from both side of the aisle, and wish us all success duringthe 5th Parliamentary Sessions. My warm congratulations also go tothe Minster of Finance, her Deputy and staff of the Ministry of Financefor the pro-people budget which, surely, will bring a lot of relieve to ourpeople across all sectors of the population.
The fishing sector is constantly faced with the unpredictable and highlyvolatile fuel prices, which continue to be a challenge for the Sector. You are all aware that last month the country witnessed anotherincrement in the price of fuel. Fuel remains the second highestexpenditure, however, during 2009/10, the price of fuel averagedbetween U$ 70-80 per barrel, a reduction of almost 50% compared towhat was recoded in 2008. The reduction, somehow, offsets the effectof the reduced prices for some of the fish and fish products whoseprices significantly reduced due to the economic crisis. Due to