As noted in the Committee’s earlier work on IUU fishing,9 IUU fishing is generally an economic activity that will continue as long as it is profitable for fishing vessels to be engaged in such activities. The information available on IUU fishing on the high seas suggests that it targets fish stocks of predominantly high commercial value with easy marketability. As a result, IUU fishing has received increasing attention from policy makers due to its negative economic, social and environmental impact, both directly on the resources and indirectly on the domestic fisheries economy. It is therefore important that domestic fisheries policies ensure that fishing overcapacity is dealt with in an appropriate way through scrapping and through legislation that does not allow for fishing capacity to be exported and re-flagged to countries that do not co-operate.