Decisions such as these made by coastal states would necessarily carry considerable economic consequences, as the revenue and support-in-kind gained from EU Fishing Partnership Agreements (FPAs) or private agreements with tuna fishing firms is important to many Indian Ocean coastal and island nation governments. However, examples from other parts of the world suggest that this revenue could be compensated using alternative financial mechanisms, such as the endowment fund used by the Kiribati government to fund the Phoenix Island Protected Area (PIPA; http://www.phoenixislands.org/trust.php; accessed 1st December 2013).