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Sunday, April 28, 2024

WTO aiming to net fishing deal

Talks at the WTO on cutting fisheries subsidies are coming down to a year-end deadline.

GENEVA: Negotiations on banning billions of dollars in fisheries subsidies are coming to the crunch at the beleaguered World Trade Organization, with the deadline to net a deal fast approaching.

Disagreements persist, especially over what the outcome might mean for developing countries, while over-fishing continues to strip the seas of a hugely important resource on which millions of people depend for their livelihoods.

Negotiations began at the WTO in Doha in 2001 and got a much-needed boost with the adoption of the UN Sustainable Development Goals in 2015.

That set the end of 2020 as the non-binding deadline for eliminating subsidies that contribute to illegal, unreported and unregulated fishing.

It also bans certain…

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