It is important that trade initiatives relating to fish and fish products aim to support the implementation of this legal and policy framework, and maintain consistency with the rights and obligations of States established therein. While fish consumption impacts food security and nutrition, trade in fish and fish products contributes to local, regional and global economies. Fish continues to be one of the most traded commodities in the world, as well as a source of direct employment for tens of millions of people worldwide. In 2011, almost 30 per cent of the world’s fish stocks were fished at biologically unsustainable levels (FAO, 2014).