Illegal, unregulated and unreported (IUU) fishing is about to become much more difficult thanks to the imminent entry into force of the Port State Measures Agreement (PSMA), a ground-breaking international accord championed by FAO.
A growing number of countries are ratifying an international agreement to combat illegal fishing, fueling interest in how best to implement the instrument. Illegal, unreported and unregulated (IUU) fishing is estimated to strip between $10 billion and $23 billion from the global economy, and their impacts undermine the way fish stocks are managed to make it a double concern around the world.
Thirteen additional countries need to ratify an agreement brokered by the United Nations Food and Agriculture Organization (FAO) to combat illegal fishing by blocking ports to ships known or believed to be carrying illicit catches that account for more than 15% of global output, the agency said today.