India seeks stronger WTO subsidy regulations for high seas fishing

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India seeks stronger WTO subsidy regulations for high seas fishing - Business Standard

Quick Summary:

"India has pitched for strong disciplines for historical fisheries subsidisers which are engaged in distant water fishing (200 nautical miles from sea shore) and has asked for a moratorium on subsidies at the present level for 25 years," the official said.

Highlighting the stark disparity, an Indian document submitted at the World Trade Organization (WTO) has noted that it provides a modest USD 35 per fisher annually, compared to subsidies as high as USD 76,000 per fisher per year in some European nations.

India has pitched at the WTO for stricter regulations on subsidies granted by countries that are engaged in high seas fishing activities, an official said.