There are laws in place to prevent over fishing, although very few of them are actually enforced.
There are limits on essentially every fish of how many can be caught per year or per fisherman. Some of the limits are too high and many of them are too hard to enforce, as it is easy to illegally catch fish and does not take much to sneak them into port illegally. There are limits for blue fin tuna, for example, that are surpassed tenfold some years- hence why they may not be around much longer.
The EU has taken some measures to help prevent over fishing by making stricter regulations for boat registration in some countries and hope to regulate the amount of fish coming in from the sea.
Over fishing is an impossibly hard task to manage no matter how strict the laws are.
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