IN BRIEF - WTO chief sees fisheries subsidies deal ratified before year’s end
(WORLDWIDE, 3/21/2024)
The World Trade Organization’s director-general said she was hopeful a fisheries subsidies agreement would be ratified this year by the required number of members, despite the disappointment of not finalising the deal at a recently concluded ministerial conference.
Environmentalists say knocking out billions of dollars in subsidies that promote unsustainable fishing is the single most important thing countries can do to help reverse declining stocks.
The fisheries agreement, aimed at removing $22 billion in harmful subsidies supporting illegal fishing, has seen significant support from member countries.
So far, 71 WTO members have formally accepted the agreement an...
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