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Economy

EU keeps 'illegal, unregulated' industry on the hook

BANGKOK -- Thailand's military government and leaders of the country's lucrative but tainted fishing industry have been holding their collective breath this week while a visiting European Union delegation assesses practices and standards in order to decide if seafood from Thailand should be banned.

     The EU issued Thailand a 'yellow card' in April by way of a rebuke for the illegal, unregulated and unreported (IUU) fishing practices of the world's third largest seafood exporter. Europe consumes about 10% of Thailand's seafood exports.

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