IUU: The war on illegal fishing continues to build momentum
Seafood products are among the most widely traded food commodities in the world, with the total commerce estimated at €130 billion per year. As the demand for healthier diets increases, the trade opportunities for fish products escalate, too.
Unfortunately, the high demand for seafood products also further incentivises illegal, unreported and unregulated (IUU) fishing. The estimated global value of IUU fishing is thought to be between €8 and €19 billion per year. Between 11 and 26 million tonnes of fish are caught illegally a year, which corresponds to at least 15% of world catches. (more…)












