The ITF considers that the fishing industry should be run on a sustainable basis and in a responsible manner. Therefore the industry should, in addition to complying with the United Nations Food and Agriculture Organization (FAO) Code of Conduct for Responsible Fisheries and other applicable international instruments, also be run in a manner which is consistent with the three pillars of sustainable development: environmental, social and economic. This policy adopts a holistic approach to fisheries and takes into account the social, environmental and economic dimensions. A sustainable fishing industry should be considered as one which not only manages the fishing resources but also provides fishermen with safe work places and decent work. The ITF also believes that a sustainable utilisation of all living marine resources creates a stable basis for the employment of fishermen on decent terms and conditions, as well as making a valuable contribution to the world food supply. The fisheries sector is a global industry and requires a series of international steps to be taken in order to seek to improve conditions for fishermen and for the proper management of the marine resources. The ITF will actively participate in the development and improvement of international instruments for the benefit of fishermen, their local communities and the environment, based on the 47 principles contained in this document.