In the past 10 years, an influx of new boats to the albacore fishery, including large numbers of heavily-subsidised Chinese vessels, have depleted fish stocks and driven many Pacific-island tuna businesses to the wall.
Officials from the Pacific Forum Fishery Agency (FFA) countries, meeting in Solomon Islands, have agreed on the text for a framework for managing the fishery, known as the Tokelau Arrangement for the Management of the South Pacific Longline Fishery.
The meeting's chair and Samoa's ministry of agriculture and fisheries assistant chief executive, Joyce Samuelu Ah Leong, said catch limits will be set.
The agreement takes in millions of square kilometres of ocean stretching across the Pacific from the Cook Islands in the east to Solomon Islands in the west.
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