sprep-pa
A new report found that the world’s top 10 fishing nations are spending billions of dollars on harmful fishing subsidies to not only exploit their own domestic waters, but to fish in the high seas and the waters of other nations. Experts say these subsidies are propping up fishing industries that would not be viable without financial support, and contributing to overcapacity, overfishing, and illegal, unreported and unregulated (IUU) fishing.