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Report tolls cost of fish piracy in billions

Fish piracy — seafood caught illegally, not reported to authorities or outside environmental and catch regulations — represents as much as $10 billion to $23 billion in global losses each year, a non-profit conservation group estimated Wednesday.

Because pirated fish is sold on black markets, specifics of the economic impact are tough to decipher. But Oceana, a Washington-based organization, looked at the records of fish catches by country as reported to the United Nations, then compared those statistics to seafood sales in various world markets.

Click here for the full report.