What is Illegal, Unreported and Unregulated (IUU) fishing?
IUU fishing is a global phenomenon, occurring in virtually all fisheries from shallow coastal waters to the deep oceans. Accurate data on the scope and scale of IUU fishing is hard to come by as it is in essence a clandestine activity. However it has been recently estimated that the total annual value of IUU fishing worldwide is between US$10bn and US$23.5bn, accounting for a significant proportion of global catches.