The Ministry of Fisheries and Marine Resources unveiled a sweeping set of regulations aimed at restoring depleted fish populations and curbing illegal, unreported, and unregulated (IUU) fishing. The measures include a 30% reduction in allowable catch limits for key commercial species, mandatory real‑time vessel tracking, and a zero‑tolerance policy for vessels caught fishing in protected zones. Violators will face fines up to $500,000 and possible revocation of licenses. The government says the reforms are based on recent scientific assessments showing a 40% decline in several staple fish stocks over the past decade. Environmental NGOs praised the move, while industry groups warned of short‑term economic impacts and called for compensation schemes for affected fishers.
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