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Palau has banned the export of live reef fish to protect its marine resources and biodiversity. This action follows concerns over the ecological impact of such exports, including the depletion of key reef species. At least one company involved in live fish export has been barred from operating in the country. The move reflects growing efforts in the Pacific to regulate the live fish trade and prioritize sustainable fishing practices.

Palau, a Pacific Island nation, has taken a strong stance against the export of live reef fish, citing environmental concerns and threats to marine biodiversity. The government has banned at least one company found to be involved in this type of trade. This decision aligns with broader regional efforts to safeguard fragile reef ecosystems from over fishing and unsustainable commercial practices. The move signals growing regulatory oversight in the Pacific regarding marine conservation and the export of vulnerable marine species.

In most tropical countries, coral reef ecosystems provide coastal populations with a number of goods and services. However, a variety of anthropogenic practices threatens reef health and therefore jeopardizes the benefits flowing from these goods and services. These threats range from local pollution, sedimentation, destructive fishing practices and coral mining, to global issues such as coral bleaching. By “getting some of the numbers on the table”, economic valuation can help shed light on the importance of the goods and services and show the costs of inaction in the face of threats. Creating markets for sustainable resource use can highlight the value of these goods and services to local populations

This publication is an outcome of the "Internatinoal Consultative Workshop for Economic Valuation and Policy Priorities for Sustainable Management of Coral Reefs" held at the WorldFish Center's Headquarters in Penang, Malaysia over the period 8-10 December 2001.|The overall goal of the workshop was to identify future directions for economic and policy research relevant to the sustainable management of coral reefs. This publication contains the workshop's overview of current issues and problems in coral reef mangement. It also includes keynote papers, and case studies of the economic valuation and socioeconomics of coral reefs and of policy instruments and management techniques for coral reefs and marine resources. The final section of this publication consists of the workshop participants recommendations for future research.