Tuna fishing generates four billion dollars annually but is under threat from over-fishing and the Pacific leaders say they need to protect their life-blood industry.

"Palau President Johnson Toribiong's goal to host this summit is to further discuss the establishment of an OPEC-type body," said summit organiser Nannette Malsol of the Palau Bureau of Marine Resources.

The summit will bring together the presidents and prime ministers from the eight nations that control the area where most tuna are caught in the Pacific.

The group, known as the Parties to the Nauru Agreement (PNA), has its headquarters in Majuro and includes Papua New Guinea, the Solomon Islands, Palau, the Federated States of Micronesia, Kiribati, Nauru, Tuvalu and the Marshall Islands.

"The presidential summit to be held in Palau is designed to set in place a road map for the newly established PNA office," Malsol said.

Although fisheries ministers in the region meet annually this will be the first presidential summit on what is the Pacific's most important natural resource.

Scientists have warned that two staples of the global sashimi market -- bigeye and yellowfin tuna -- are in danger of being over-fished.

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