In June 2014, the European Union (EU) slapped a “yellow card” warning to the Philippines because of the latter’s response to “illegal, unreported and unregulated” fishing. The EU warned that if the Philippines continue to sit on issues such as lack of traceability mechanism for exported fishery products like tuna, which accounts for 40 percent of imports by the EU and weak vessel monitoring system, Philippine fishery products will be banned from the huge European market. This market ban entails more than 100,000 loss in domestic jobs and $230 million worth of export value.

Calvan, D. F. (2015, January 27). PH fisheries code need amendments. The Manila Times, p. B8.