The United Nations Fish Stocks Agreement provides the basis for the conservation and management of highly migratory and straddling fish stocks in international waters. It outlines obligations for fisheries management that apply to both fishing nations and regional fisheries management organizations
UNFA includes anAssistance Fund to help developing countries fully implement the agreement, once they have ratified it. Specifically, funding is accessible to help developing countries to:
To access the Fund, developing countries must have already ratified the agreement. To date, more than 30 developing countries have ratified UNFA, including Brazil, Costa Rica, India, Kenya, Namibia, and South Africa.
Canada's contribution of $500,000 to the UNFA Part VII Assistance Fund is the largest contribution to date by any UN member. Canada is committed to helping developing countries to overcome the financial or human resource barriers it may encounter to fully implementing the UN Fish Stocks Agreement.
For many developing countries, fishing is vital to food security and economic development. By supporting these nations, Canada is doing its part to help ensure the sustainability of global fish stocks. Over the long term, this will also help protect straddling and migratory fish stocks that are fished and consumed by Canadians.
United Nations Fish Stocks Agreement (April 2005)
United Nations Fish Stocks Agreement Part IV Assistance Fund
UNFA Part IV Assistance Fund terms of reference (Spanish)
UN News Story –
Countries call for wider support for UN agreement to curtail high-seas overfishing
May 22, 2006