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Capacity-Building Project To Progress The Implementation Of International Instruments To Combat Iuu Fishing (Capfish) : Workshop 3, 18-21 October 2022, World Maritime University

Reports

Illegal, Unreported and Unregulated (IUU) fishing is a complex and multifaceted problem, with dire consequences for aquatic ecosystems, coastal communities, fishers and fish workers, and economic and national security. It particularly affects developing countries, and is estimated to cost the global economy USD 20 billion each year. This represents foregone taxes, license fees, and revenue from resources that could have been legally exploited. Future opportunities are also lost as fish stocks dwindle and collapse, with knock-on socioeconomic effects. As those involved in IUU fishing seek to cut costs wherever possible, and are often involved in other illegal activities, IUU fishing …