The World Trade Organization committee to eliminate subsidies for illegal, unreported and unregulated fishing and banning certain forms of fisheries subsidies to impede overcapacity and overfishing, have agreed to continue working and conclude negotiations as soon as possible,
The World Trade Organization chair of the fisheries subsidies negotiations, Ambassador Santiago Wills of Colombia, introduced a second revision of the draft negotiating text to be used as the basis for clause-by-clause discussions among members aimed at resolving remaining differences ahead of the 12th Ministerial Conference (MC12) to be held on 30 November to 3 December.
World Trade Organization country members resumed this month fisheries subsidies negotiations following the August break and the chair of the rounds Ambassador Santiago Wills from Colombia said the objective was to produce a clean text on fisheries subsidy rules ahead of the 12th ministerial conference next December.