S'pore becomes 2nd country to support global agreement ending harmful fisheries subsidies
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.
You might also be interested in
Source to Sea: Integrating the water agenda in 2023
2023 could prove to be a definitive year for facilitating an integrative perspective on water issues, from fresh water to the marine environment.
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.
A Global Deal to Tackle Harmful Fisheries Subsidies: A look behind the scenes
In June 2022, World Trade Organization members reached a historic deal tackling harmful fisheries subsidies. We unpack how a global campaign by environmental non-governmental organizations and technical policy and legal advice from trade experts in Geneva helped make a difference.
The WTO Agreement on Fisheries Subsidies: What it means and why it matters
After more than two decades of negotiations, members of the World Trade Organization concluded an Agreement on Fisheries Subsidies in June 2022. What does it entail, and why does this treaty matter?