It remains, however, that fleets continue to search globally for new fishing opportunities. The following will look at three principal ways that this takes place: 1) through investing abroad in foreign countries, 2) through bilateral fisheries arrangements, and 3) through fishing on the high seas within or outside RFMOs (both of which may include legitimate fishing or IUU activities). While the reasons for seeking new opportunities may be the same in the three cases (more profitable fisheries operations, spreading activities and thus reducing risks3), different policy challenges are associated with the three methods of “going global”. Government policy in respect of these areas in the country to be invested in is therefore crucial in enabling an investor to gauge the risk of investing.