Sovereign nations have the right to extract fishing and mineral resources within their territorial seas, and within their Economic Exclusion Zones (EEZ's). Most EEZ's extend out to 200 nautical miles, unless constrained by other nations' EEZ's or land masses. They can pretty much extract these resources any way they'd like to, with little/no international oversight.
Imposing international regulations on fishing is pretty much a lost cause. There's no enforcement authority, and everyone knows it. Best thing to do is have national governments impose their own regulations, and stand by those regulations.
The only "world" resources recognized by the fishing fleets of the world belong in international waters. And ironically, its those areas which suffer the most exploitation. No one regulates them, and no one enforces them. Its a political hot potato no one wants to pick up.
Imposing international regulations on fishing is pretty much a lost cause. There's no enforcement authority, and everyone knows it. Best thing to do is have national governments impose their own regulations, and stand by those regulations.
The only "world" resources recognized by the fishing fleets of the world belong in international waters. And ironically, its those areas which suffer the most exploitation. No one regulates them, and no one enforces them. Its a political hot potato no one wants to pick up.