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An Analysis of the Impact of IUU Imports on U.S. Fishermen

Illegal, unreported and unregulated (IUU) fishing is a huge problem nationally and worldwide, costing the global economy an estimated $10 to $23.5 billion dollars per year. Yet, there has been little research done on how on how IUU affects legitimate fishermen. This economic snapshot analyzes how U.S. fishermen are impacted by IUU. It finds that due to price suppression, U.S. fishermen could be losing $1 billion in revenue per year. Stopping the flow of illegal seafood into the U.S. will help both U.S. fishermen, who could see the equivalent of about a 20 percent raise, and the health of our oceans.