Financial Crime World

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Palau Seeks Partnerships to Meet Growing Demand for Infrastructure Services

Palau is embarking on a mission to secure its Exclusive Economic Zone (EEZ) by partnering with local, national, and international organizations to deter, detect, investigate, and interdict maritime violations. The Palau National Marine Sanctuary, which covers an area of 1.6 million square kilometers, is a critical component of the country’s economy and culture.

Challenges in Policing the EEZ

The recent encroachments of Illegal, Unreported and Unregulated (IUU) fishing vessels and Chinese undersea terrain and minerals surveying platforms have highlighted the challenges of policing and patrolling Palau’s EEZ. To address these issues, Palau has been relying on international cooperation and resources from countries such as the United States, Japan, and Australia.

Sustainable Fisheries and Aquaculture Industries

To ensure the sustainability of its fisheries and aquaculture industries, Palau plans to:

  • Revitalize domestic fishing and aquaculture
  • Develop its local fishing fleet
  • Build processing and wharf facilities
  • Increase exports and generate revenue to support economic growth

Modernizing Detection and Deterrence Capabilities

In addition, Palau is focusing on modernizing its detection and deterrence capabilities by investing in:

  • Satellite and air surveillance technology
  • Coastal surveillance systems
  • Unmanned aerial surveillance drones
  • Advanced cyber security measures to protect against cyber threats

Cyber Security a Top Priority

Palau recognizes the importance of cybersecurity in protecting its national security, economic interests, and critical infrastructure. The country is taking steps to ensure that its cyberspace environment is secure by:

  • Conducting comprehensive cyber awareness campaigns
  • Educating the public on online safety
  • Developing a positive cyberspace reputation

International Cooperation Crucial

Palau believes that international cooperation is essential in addressing the complex security challenges it faces. The country is working closely with its partners and allies to share intelligence, best practices, and resources to:

  • Ensure the security of its EEZ
  • Protect its marine environment
  • Promote economic growth

Conclusion

In conclusion, Palau’s national security strategy focuses on securing its EEZ, promoting sustainable maritime transport, protecting its marine environment, and ensuring cyber security. The country is committed to working with international partners to address these challenges and ensure a safe and prosperous future for its citizens.