Illegal fishing spurs billions in losses for developing countries, study says

Illegal fishing spurs billions in losses for developing countries, study says

By Dan Collyns

Source: theguardian

10/26/2022

Credit: Argentina's Navy Press Office/AFP/Getty Images

Developing countries are losing billions of dollars due to illegal, unreported and unregulated (IUU) fishing, which siphons off revenue through illicit financial flows, according to a new study by the Financial Transparency Coalition (FTC).

The study reveals that the top 10 companies involved in IUU fishing are responsible for nearly a quarter of all reported cases: eight are from China – led by Nasdaq-listed Pingtan Marine Enterprise Ltd – one is from Colombia and another from Spain.

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News Id		Source	Stamp	country
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4470	State encouraging anglers to harvest fish in some — not all — waters	Bangor Daily News	2021-03-01	US
4471	The 1,000 fish that DIDN'T get away: Angler breaks ultimate fishing record	dailymail	2010-09-03	UK
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4473	Aquarium lands rare 'ribbon fish'	belfast telegraph	2010-08-29	UK
4474	Kayaker hit in the head by 30lb carp	telegraph	2010-08-26	US
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