In its report From Decline to Recovery - A Rescue Package for the Global Ocean, the Commission identified the role of government subsidies in the fisheries sector as a key issue requiring urgent action by the international community (Global Ocean Commission, 2014) According to calculations by the Fisheries Centre, University of British Columbia, such subsidies amount to some US$30 billion worldwide, of which 60 per cent (US$18 billion) are estimated to contribute to fishing overcapacity and overfishing (Sumaila et al., The third of these covered fisheries subsidies and called for a three-step approach: first, full transparency and disclosure of all fisheries subsidies; second, classification of fisheries subsidies in order to identify and distinguish those that are harmful -i.e. The point is that the tuna, the swordfish and the rest of the fish do not know that we humans have drawn a line at 200 miles from shore beyond which regulation, governance and control over living marine resources is either weak or non-existent.'