Skip to content

WTO fisheries subsidies agreement enters into force after two decades

The agreement also includes robust transparency requirements and a dedicated committee on compliance.

The new WTO accord seeks to end $22 billion a year in government fishing subsidies.
The new WTO accord seeks to end $22 billion a year in government fishing subsidies. (AN/Rutpratheep Nilpechr/Unsplash)

GENEVA (AN) — The World Trade Organization has officially implemented a landmark agreement to curb harmful fisheries subsidies, ending more than two decades of complex negotiations.

The accord, which entered into force on Monday, commits members to ending government support estimated at $22 billion annually that contributes to the depletion of marine fish stocks.

This article is for paying subscribers only

Join now

Already have an account? Log in

Latest