March 20, 2020 — Illegal, unreported, and unregulated (IUU) fishing has profound effects on the economies and pocketbooks of developing countries, removing billions of dollars worth of fish every year from the legal trading system.
Between 8 and 14 million metric tons of fish are caught illegally every year, according to a new study from the University of British Columbia (UBC). Those fish are worth an estimated USD 9 billion to USD 17 billion (EUR 8 billion to EUR 15 billion).