The world’s fish stocks are in decline and our increasing demand for seafood may be one of the main drivers. But the true extent of the problem is hard to estimate, especially when fishing occurs in the high seas, which lie beyond national jurisdiction and are hard to monitor.
Conservation planners face growing pressures to combat illegal, unregulated and unreported (IUU) fishing, the value of which has been estimated at US$10-23.5 billion annually. This is an important cost for society as a whole, but also for the major high seas fishing countries such as China and Taiwan that subsidize their fleets and may have low labour costs.
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