US and Chinese seafood industry groups, fishermen and sustainable seafood groups have launched the East China Sea and Yellow Sea Squid fishery improvement project (FIP).

The FIP is led by the China Aquatic Products Processing and Marketing Alliance (CAPPMA), Zhangzhou and Ocean Outcomes (O2). Its founding members are also Sea Farms, and PanaPesca.

Its aim is to improve the management and fishing practices of Chinese trawl, purse seine, and gillnet vessels targeting Japanese flying squid (JFS). On the Chinese side of East China Sea and Yellow Sea alone, annual JFS production can approach 30,000 metric tons.