Author: Jason Holland
With the exception of those companies taking part in it, illegal, unreported and unregulated (IUU) fishing is not good for business. Initial consequences are felt by the seafood industry: it quickly depletes fish stocks, reduces the potential for honest fishermen to make a living and undermines management and conservation efforts. It then goes on to weaken economies and puts the livelihoods of dependent communities at risk. It is a very far-reaching problem.