US EditionLong-wrought WTO global agreement aimed at reducing overfishing takes effect
- A World Trade Organization agreement designed to reduce overfishing took effect on Monday, requiring countries to cut fishing subsidies.
- The deal, supported by WTO Director-General Ngozi Okonjo-Iweala, was adopted by four countries: Brazil, Kenya, Tonga, and Vietnam.
- The Pew Charitable Trust states that the agreement will limit the $22 billion in subsidies that encourage overfishing.
- The agreement represents a significant commitment to curb harmful subsidies, securing sustainable fisheries and benefiting coastal communities.
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95 Articles
The WTO agreement on fisheries subsidies enters into force this Monday after years of complicated negotiations. The text, the first on the environment, lays down binding rules for states. The signatories must therefore take into account the legality and sustainability of the activities they assist. - End of illegal fishing subsidies: what does the agreement that entered into force this Monday? (Environment).
A new WTO agreement is intended to put an end to ruthless fishing in the world's oceans, banning subsidies from the most harmful fishing fleets, and environmentalists welcome the agreement.
Here you will find information on the topic "Food and Environment". Read now "Global ban on the most harmful fisheries subsidies".
Ottumwa Courier
Long-wrought WTO global agreement aimed at reducing overfishing takes effect
A World Trade Organization agreement aimed at reducing overfishing has taken effect. It requires countries to reduce subsidies doled out to fishing fleets to ensure sustainability of wildlife in the world’s seas and oceans. A total of 112 formal approvals…
Subsidies for illegal fishing are now taboo worldwide. The World Trade Organisation (WTO) has adopted the first agreement focusing on environmental sustainability, and the next one is already under negotiation.
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