A $200 million increase in profit over one year show the New Zealand seafood industry is showing steady growth.

Export earnings reached $1.78 billion in the year to June, an increase of $201 million on the same time last year - ”further demonstrating that we continue to make a significant contribution to the economy as one of the country's main export earners,” says Seafood New Zealand's executive chairman George Clement.

This year marks the 30th anniversary of the fisheries Quota Management System (QMS).

'Last year industry accepted the Government's aspirational goal of doubling export revenues by 2025 and we are on the growth path to achieve this.”

This year marks the 30th anniversary of the fisheries Quota Management System (QMS), a fisheries system George says was world leading when it was established, and continues to stand the test of time.

Prudent stewardship of New Zealand's fisheries, underpinned by sound science are the cornerstones of the Quota Management System, says George.

'The Ministry for Primary Industries has decades of peer-reviewed science that show steady and increasing levels of abundance in each of our main fish stocks.

'But this isn't about resting on our laurels, while celebrating our success, we are very focused on the future and are constantly bringing in new improvements including trawl harvesting techniques, scientific assessments and innovative technology.”

A major announcement later today at the conference by one of the country's largest fishing companies will demonstrate the confidence industry has in the future of New Zealand fisheries, says George.