EU Ultimatum To Thailand: Clean Up Fishing Trade In Six Months

BANGKOK— The European Union on Tuesday gave Thailand a "yellow card" ultimatum to drastically alter its polices on illegal, unreported and unregulated (IUU) fishing or face a ban at the end of the year on exporting seafood to the EU.

Citing "clear deficiencies," the European Commission reported that action was taken "after thorough analysis of the country's legal framework, enforcement measures and administrative arrangement, which impact on Thailand's ability to comply with its international obligations."

If a "red card" ban is imposed on the Southeast Asian kingdom's seafood exports, that could cost Thailand more than $500 million per year.

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