What the WTO's Deal to Curb Fishery Subsidies Could Mean
The World Trade Organization's new binding agreement aims to reduce overfishing by banning subsidies for illegal and high seas fishing, with 64% of harmful subsidies concentrated in 10 countries.
2 Articles
2 Articles
What the WTO's Deal to Curb Fishery Subsidies Could Mean
[By Daniel Skerritt and Rashid Sumaila] After nearly 25 years of negotiations, the World Trade Organization (WTO) finally has its first legally binding agreement to tackle government fisheries subsidies. After two-thirds of WTO members ratified the Agreement on Fisheries Subsidies, the deal has entered into force. It marks a long-overdue step toward addressing the role harmful fisheries subsidies play in overfishing. Fisheries subsidies can caus…
What the WTO’s deal to curb fisheries subsidies means and what it could achieve
After nearly 25 years of negotiations, the World Trade Organization (WTO) finally has its first legally binding agreement to tackle government fisheries subsidies. After two-thirds of WTO members ratified the Agreement on Fisheries Subsidies, the deal has entered into force. It marks a long-overdue step toward addressing the role harmful fisheries subsidies play in overfishing. Fisheries subsidies can cause harm by distorting markets and creatin…
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