More than 2.5 billion people—approximately one-third of the global population—depend on fish for food and nutrition. That number is expected to double by 2050.
Unfortunately, 85% of the world’s oceanic fisheries are fully exploited, over-exploited, or depleted. Additionally, illegal, unreported, and unregulated fishing (IUU) takes as much as 33% of the world’s total legal fish catch, costing us as much as $23 billion annually, which further threatens future productivity of the world’s fishing stocks.
Many countries employ different tools to combat IUU, including setting catch limits and quotas for fisheries, providing bycatch reduction gear, zoning their marine areas, satellite monitoring and enforcement.
Recently, the United Nations made a historic first step in combatting IUU through the ratification of the Port State Measures Agreement. Originally signed in 2009 by the FAO, the Port State Measures Agreement required a minimum of 25 countries to ratify the agreement for it to take effect.