Sustainable fisheries, including through the 1995 Agreement for the Implementation of the Provisions of the United Nations Convention on the Law of the Sea of 10 December 1982 relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks, and related instruments A/RES/71/123 in the fisheries sector, including through the prohibition of certain forms of fisheries subsidies that contribute to overcapacity and overfishing, Concerned that only a limited number of States have taken measures to implement, individually and through regional fisheries management organizations and arrangements, the International Plan of Action for the Management of Fishing Capacity adopted by the Food and Agriculture Organization of the United Nations, Recalling the International Plan of Action to Prevent, Deter and Eliminate Illegal, Unreported and Unregulated Fishing adopted by the Food and Agriculture Organization of the United Nations, Particularly concerned that illegal, unreported and unregulated fishing continues to constitute a serious threat to fish stocks and marine habitats and ecosystems, to the detriment of sustainable fisheries as well as the food security and the economies of many States, particularly developing States, Concerned that some operators increasingly take advantage of the globalization of fishery markets to trade fishery products stemming from illegal, unreported and unregulated fishing and make economic profits from those operations, which constitutes an incentive for them to pursue their activities, Recognizing that effective deterrence and combating of illegal, unreported and unregulated fishing has significant financial and other resource implications, Recognizing also that fishing by vessels without nationality on the high seas undermines relevant objectives of the Convention and the Agreement to conserve and sustainably manage marine resources, and noting with concern that fishing vessels without nationality operate on the high seas without governance and oversight, Recognizing further the role of the Global Record of Fishing Vessels, Refrigerated Transport Vessels and Supply Vessels in the concerted fight against illegal, unreported and unregulated fishing, Recognizing the duty provided in the Convention, the Agreement to Promote Compliance with International Conservation and Management Measures by Fishing Vessels on the High Seas (the Compliance Agreement), 9 the Agreement and the Code for flag States to effectively exercise jurisdiction and control over fishing vessels flying their flag, and vessels flying their flag which provide support to fishing vessels, to ensure that the activities of such fishing and support vessels do not undermine the effectiveness of conservation and management measures taken in accordance with international law and adopted at the national, subregi onal, regional or global levels, Noting the advisory opinion of the International Tribunal for the Law of the Sea on the request for an advisory opinion submitted by the Subregional Fisheries Commission, issued on 2 April 2015, Recognizing the importance of adequately regulating, monitoring and controlling trans-shipment at sea to contribute to combating illegal, unreported and unregulated fishing activities, _______________ 9 4/40 United Nations, Treaty Series, vol. 2221, No. 39486.