Close the high seas to fishing and turn it into “a fish bank for the world.” After depleting fish stocks close to the coasts, many countries have taken to fishing in the high seas. This contributes to overexploitation of commercial fish species and threatens nontargeted species with habitat destruction, by-catch, and other problems. Currently, high-seas catches are worth about $16 billion annually — roughly 15 percent of the global catch’s annual worth of $109 billion.
The world community has been trying to reduce the common property problem by encouraging the formation of Regional Fisheries Management Organizations (RFMOs). However, most analysts have come to the conclusion that many RFMOs have not been successful. Two-thirds of the stocks with known status being managed by RFMOs were depleted or overfished,
The only legislation governing fishing in the high seas is the United Nations Convention on the Law of the Sea, an international agreement that recognizes all states’ right to freely fish the high sees, but lays down only general principals for conservation and management.
A team of international fisheries experts examined catch data for 2000 to 2010 from the Sea Around Us global catch database and landings data for 1950 to 2010 from the UN Food and Agriculture Organization. Just 19 out of the 1,406 targeted species were fished exclusively from the high seas. 802 were caught only within EEZs and 585 “straddling species,” as the study calls them, were fished from both the high seas and EEZs. Less than 0.01 percent of the quantity and value of commercial fish come from catch taken exclusively in the high seas
Read more: http://news.mongabay.com/2015/0522-sekar-close-high-seas-fishing.html#ixzz3bUxhwVjp