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Over the past decade, the international community has increasingly come to recognize the damaging economic, social and environmental impacts of Illegal, Unreported and Unregulated (IUU) fishing. By its very nature, the extent and costs of IUU fishing are difficult to estimate. Numbers tend to range widely; one assessment estimates annual financial losses from illegal and unreported fishing at somewhere between $10 and 23.5 billion. Even at the low end of this spectrum, the losses are substantial.
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