March 15, 2016 — WELLINGTON, New Zealand – An independent report released by the Forum Fisheries Agency has for the first time put a value on the amount of illegal, unreported and unregulated tuna fishing in the Pacific.
The report, which took two years to complete, indicates the amount of lost revenue annually in the region is around US$616 million dollars, or just over 306 million tonnes.
It also shows most offending is due to misreporting by licensed fleets, with unlicensed fishing vessels only making up four percent of offending.