Incentives for illegal, unreported and unregulated (IUU) fishing are considerable given the financial benefits that can accrue in both largeand small-scale fishing operations, and in developed and developing countries alike.
IUU fishing is a major threat to the sustainable exploitation of the world’s fisheries resources.The negative impacts of IUU fishing are environmental through its depleting effect on fish stocks; fisheries management is impacted by impairing scientific research; and it has profound social and economic impacts on communities, those working in the fisheries sector, and consumers.