U., Rashid Sumaila and Alam, Lubna and Abdallah, Patrizia R. and Aheto, Denis and Akintola, Shehu L. and Alger, Justin and Andreoli, Vania and Bailey, Megan and Barnes, Colin and Hasan, Abdulrahman Ben and Brooks, Cassandra M. and Carvalho, Adriana R. and Cheung, William W. L. and Montemayor, Andres M. Cisneros and Dempsey, Jessica and Halim, Sharina A. and Hilmi, Nathalie and Ilori, Matthew O. and Jacquet, Jennifer and Karuaihe, Selma T. and Billon, Philippe Le and Leape, James and Martin, Tara G. and Meeuwig, Jessica J. and Micheli, Fiorenza and Mokhtar, Mazlin and Naylor, Rosamond L. and Obura, David and Palomares, Maria L. D. and Pereira, Laura M. and Rogers, Abbie A. and Sequeira, Ana M. M. and Sogbanmu, Temitope O. and Villasante, Sebastian and Zeller, Dirk and Pauly, Daniel (2024) WTO must complete an ambitious fisheries subsidies agreement. NPJ Ocean Sustainability, 3 (6). p. 3.
Full text not available from this repository. (Request a copy)Abstract
The World Trade Organization (WTO) achieved a significant milestone in June 2022 by adopting a much-anticipated fisheries subsidies agreement, aligning with strong recommendation from the global scientific community. This pivotal agreement marks a crucial advance towards ensuring the sustainability of our ocean. For the first time, it establishes binding global regulations compelling governments to assess the legality and sustainability of the fishing activities they subsidize. Harmful subsidies are a key driver of overfishing which is a major threat to ocean biodiversity. Subsidies also exacerbate CO2 emissions from fishing sectors by incentivizing over-capacity and putting coastal livelihoods and food security at risk. Within this agreement, trade ministers committed to further negotiations on unresolved matters. Such matters include crafting new regulations to diminish subsidies contributing to overfishing and excessive fishing capacity that have given some countries an unfair advantage in exploiting the ocean. Removing harmful subsidies and therefore overfishing will help to rebuild diverse fish populations, subsequently leading to increased levels of sustainable catches, and income for fishers. Rebuilt fish populations would also help reduce carbon emissions. With an upcoming ministerial meeting in February 2024, WTO members are uniquely positioned to institute additional regulations that eliminate harmful subsidies, demonstrating their dedication to safeguarding the ocean and charting a more sustainable and equitable pathway forward with a commitment to more equitable trade.
| Item Type: | Articles |
|---|---|
| Keywords: | World Trade Organization (WTO), Fisheries Subsidies, IUU, Fishing Regulations, Overfishing, Fishing Fleets, Gross Domestic Products (GDPs) |
| Subjects: | Right to Resources |
| Depositing User: | Kokila ICSF Krish |
| Date Deposited: | 03 Jun 2025 11:07 |
| Last Modified: | 03 Jun 2025 11:07 |
| URI: | http://icsfarchives.net/id/eprint/22103 |
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