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Timely insights from the Marketing & Communications Center
Over 3 billion people in the world rely on seafood for their daily sustenance. The annual consumption per capita has doubled since 1961, according to the United Nations.
However, the latest data shows 38% of fish stocks in the world's marine fisheries are classified as overfished. America is one of the most coastline-rich countries in the world, and balancing the short-term competitiveness of the US seafood industry with the long-term sustainability of the seas is a tricky challenge. A new executive order is set to affect this balance.
What’s in the order: The order claims that overregulation and unfair trade practices have hindered the US seafood industry’s growth and global competitiveness.
In response, it seeks to modernize fishery management and grants the National Marine Fisheries Service more reliable technology for monitoring and expanding fishing permits.
What this means for companies:
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