Experts call for Improved Protection of African Fisheries
With subsidies of global fisheries back on the World Trade Organization's agenda, experts are calling for African governments to upscale the protection of the sector long plagued by activities that continue to threaten the continent's blue economy.
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Landmark Agreement Curbing Harmful Fisheries Subsidies Awaits Ratification A Year After Adoption
This month marks the first anniversary of the World Trade Organization’s (WTO) historic Agreement on Fisheries Subsidies. The treaty, adopted at the WTO's 12th Ministerial Conference, established the first global, legally binding framework that limits subsidies for illegal, unreported and unregulated (IUU) fishing and fishing of overfished stocks, as well as subsidies to vessels fishing on the unregulated high seas. The agreement also calls for countries to exercise “due restraint” in providing subsidies to vessels that do not fly their country’s flag or those that fish stocks with unknown status.
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Singapore has become the second member of the World Trade Organisation (WTO) to ratify its agreement to protect the world’s oceans. On Friday, the Republic formally accepted the treaty – the first multilateral trade agreement that focuses on environmental sustainability – becoming the first coastal state to do so.
A Global Deal to Tackle Harmful Fisheries Subsidies: A look behind the scenes
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