The agreement also provides for specific provisions for the participation of fishing facilities and areas within the area covered by the agreement. On September 5, 2000, Chinese Taipei signed the agreement on the participation of fishing organizations. On 2 November 2004, Chinese Taipei informed the custodian, in accordance with the agreement, that it had met its national requirements and had agreed to be bound by the convention under Article 9, paragraph 2, and to participate in the Commission as a member. On 19 December 2003, New Zealand reported that Tokelupes are allowed to participate in the Commission and its subsidiary bodies, in accordance with Article 43. The objective of the agreement is to ensure, through effective management, the long-term conservation and sustainable exploitation of large migratory fish stocks in the western and central Pacific oceans, in accordance with the 1982 UN Convention on the Law of the Sea and the 1995 United Nations Convention on Fisheries Resources. To this end, the Convention establishes a commission for the conservation and management of large migratory fish stocks in the western and central Pacific Ocean. The parties to the agreement are ipso facto members of the Commission. Large migratory fish is a term that has its origin in the UN Convention on the Law of the Sea. It refers to fish species that migrate marineally and also have a wide geographical distribution and generally refers to tuna and tuna, sharks, marlins and swordfish.
Straddling fish stocks are particularly vulnerable to overfishing due to ineffective management systems and non-compliance with fishing interests. The agreement applies to all species of large migratory fish stocks (defined as all fish stocks of species listed in Schedule I of the 1982 Agreement within the agreement area and to other fish species that the Commission can determine) within the area of the agreement, with the exception of saurians. The conservation and management measures provided for by the Convention must be applied in all stocks or in certain areas within the area covered by the Convention, as defined by the Commission. The Territorial Fisheries Convention () is a multilateral treaty concluded by the United Nations to improve the cooperative management of large fishing areas that cover large areas. and are of economic and ecological interest to a number of nations.