Policy brief - Estimating the impact of irregular and unsustainable fishing of

The country is surrounded by the South China Sea to the west, the Luzon Strait to the north, and the Celebes Sea to the south. [...] The economic impact attributable to the fishing activities of these firms is then estimated by multiplying the payload by the fish price and a constant factor, offering insights into the financial significance of the fishing industry within each country’s economy. [...] This method facilitates a comparison of the economic efficiency and productivity of the fisheries sector across different countries, highlighting the variance in economic impact due to the activities of the examined firms. [...] Economic importance of fishing in the Philippines The fishing industry in the Philippines is of paramount economic importance. [...] Impact on the Philippines’ employment of firms with a history of wrongdoing, irregularities, or unsustainable behaviour in the fisheries sector The impact of IUU fishing on employment within the Philippine fishing industry can be profound and multifaceted, affecting not just the immediate jobs related to fishing but also those in the broader value chain.