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/73/125 Taking note of the report of the Food and Agriculture Organization of the United Nations entitled The State of World Fisheries and Aquaculture 2018, in which it was stated that 33.1 per cent of assessed marine fish stocks were estimated to be fished at a biologically unsustainable level and therefore overfished as of 2015, and taking note of the report of the Committee on Fisheries, at its thirty-third session, in which serious concern about the state of the world’s fish stocks was expressed, noting the continued increase in the proportion of overfished stocks, and in which it was also recognized that the situation was very different in different areas of the worl d,3 Expressing its support for accelerating work to complete the ongoing negotiations in the World Trade Organization to strengthen disciplines on subsidies in the fisheries sector, including through the prohibition of certai n forms of fisheries subsidies that contribute to overcapacity and overfishing, Noting the ministerial decision on fisheries subsidies, adopted at the Eleventh Ministerial Conference of the World Trade Organization, held in Buenos Aires from 10 to 13 December 2017, 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 fo r all States, in particular developing States, 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 fi ght 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), 5 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, subregional, regional or global levels, __________________ 5 4/40 United Nations, Treaty Series, vol. 2221, No. 39486. 18-21628