BANGKOK, 29 April 2015 – The Royal Thai Government Gazette has published the new Fisheries Act 2015, in the latest effort by the government to revoke the European Union’s yellow card on illegal, unreported and unregulated (IUU) fishing.
The legislation process was streamlined in order to swiftly tackle the issue of IUU fishing in Thai waters within the six-month timeframe set by the European Union.
If the EU is still unsatisfied with the Kingdom’s efforts to curb IUU fishing, it could eventually issue a red card to Thailand.
The move would cost the country an estimated 20 billion baht in revenue from the fisheries industry.
