Fishing groups demand to keep fisheries' subsidy negotiations out of WTO

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Fishing groups demand to keep fisheries' subsidy negotiations out of WTO - Business Standard

Quick Summary:

Members of the Geneva-based 166-member World Trade Organisation (WTO) after finalising a deal on curbing harmful subsidies on illegal, unreported and unregulated fishing, are now discussing ways to curb these support measures that are contributing to overcapacity and overfishing (OCOF).

The World Forum of Fisher Peoples and the World Forum of Fish Harvesters and Fish Workers have raised concerns over the current text and said that exemptions for small-scale fishers across developing countries are being restricted by imposing irrational conditionalities.

Ahead of the General Council meeting in Geneva, small-scale fisher groups from many countries, including India, Indonesia, and Bangladesh, have demanded that the WTO should not negotiate fisheries subsidies as the ongoing talks are 'unfair and unbalanced'.