IUU fishing is a major global problem, worth an estimated 10 billion euros a year. It depletes ocean resources and destroys the livelihoods of law-abiding fishermen who play by the rules. In many parts of the world, it is also often linked to other criminal activities like human trafficking or smuggling.

Canada is, like the EU, one of the world's most important markets for fisheries. Today's statement cements and formalises the already fruitful cooperation between the EU and Canada at various levels: bilaterally, in regional fisheries management organisations, and in international fora. In particular, it will allow Canada and the EU to strengthen monitoring and compliance measures, and to exchange information on suspected and proven cases of non-compliance.

"The EU is a global leader in tackling illegal fishing. With our IUU Regulation, we have adopted one of the most advanced policies in the world. And I am proud to say that our efforts are paying off. I hope that strong signals like today's statement with our Canadian partners convince even more countries to come on board and join us in our endeavour to eradicate illegal fishing once and for all," Commissioner Vella said.

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