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Montevideo, September 23rd 2023 - 21:13 UTC

Tag: fishing subsidies

  • Friday, February 7th 2020 - 09:39 UTC

    Fishing subsidies battle at WTO speared by the US

    “In a way, it won’t be the WTO that saves the fish, it’ll be the fish that save the WTO,” Shea told an event hosted by the Asia Society think tank in Washington

    The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.

  • Monday, December 11th 2017 - 01:48 UTC

    Fishing subsidies to be on the WTO summit table in Buenos Aires

    Around 60% of the world’s assessed fish stocks are fully exploited and 30% are already overexploited, according to the 2016 SOFIA report, published by FAO

    Meeting for the first time in Latin America, the World Trade Organization’s 11th Ministerial Conference will take place in Buenos Aires from 10-13 December. Central to this year’s talks will be an international deal to curb harmful fishing subsidies. These are government payments or tax breaks that contribute to overcapacity, overfishing and illegal fishing (IUU) globally.

  • Saturday, December 19th 2015 - 05:37 UTC

    WTO statement in support of reducing fishing subsidies

    WTO leaders believe that in many cases, subsidies encourage overfishing and illegal, unreported and unregulated (IUU) fishing.

    World Trade Organization members, including Argentina and Uruguay, have agreed on the need to reduce fishing subsidies so as to contribute to the conservation of fishing resources worldwide. This decision was taken because WTO is convinced that fisheries subsidies contribute to economic losses in the fisheries sector, leaving serious impact on food security and livelihoods, particularly in developing countries, Star Business Report reported.