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last updated:

18th Apr 13

Managed by Chatham House
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Financed by DEFRA
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Global Scope and Economics of Illegal Fishing

03/11/2005

Author: Fisheries Centre, University of British Columbia


This paper presents a model for the analysis of the costs and benefit aspects of the risk inherent in illegal, unreported and unregulated (IUU) fishing. A key result of the study is that the expected benefits from IUU fishing far exceed the expected cost of being apprehended. For an assumed 1 in 5 chance of being apprehended, their calculations show that reported fines for the vessels apprehended will have to be increased by 24 times for the expected cost to be at least as much as the expected benefits.

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