The fisheries sector plays a significant role in the socio-economic growth and development of APEC economies. The APEC economies account for over 80 percent of global aquaculture production and more than 65 percent of the world’s capture fisheries. However, the scourge and threat of illegal, unreported and unregulated (IUU) fishing practices is becoming global concern. IUU fishing has negative impacts on fish stocks, the marine ecosystem, distorts global fish trade, and food security. Globally, MRAG Asia Pacific (2016) estimated the cost of IUU fishing between USD10 to USD 23 billion. In the Pacific region, the study also found that IUU activity in the tuna fisheries is about 306, 440 tonnes either harvested or transhipped.
It is proposed that a high level policy dialogue be held for APEC economies to collectively discuss and explore future direction to combat, deter, and prevent IUU fishing.
It is proposed that an APEC Action Plan on IUU is developed. The project will be in three phases:
Phase 1: A short study on the impact of IUU fishing in APEC;
Phase : A two-day experts workshop will be organized during SOM2 in PNG; and
Phase 3: the one-day policy dialogue to consider the Action Plan developed in SOM3 2018.