WTO Negotiations on Fisheries Subsidies Update: What's the state of play?
On May 11, 2021, the Chair of WTO negotiations on fisheries subsidies, Ambassador Santiago Wills of Colombia, released the latest version of his draft consolidated text to guide the final phase of negotiations.
The draft consolidated text reflects the state of play in the three key substantive areas in which disciplines are negotiated: (1) subsidies that contribute to illegal, unreported, and unregulated (IUU) fishing, (2) subsidies to the fishing of overfished stocks, and (3) subsidies that contribute to overfishing and overcapacity.
To reach an agreement on fisheries subsidies, WTO members will need to answer several key questions that are highlighted in this update.
Members of the World Trade Organization (WTO) are currently negotiating new multilateral disciplines to tackle the harmful fisheries subsidies that undermine marine resources, as well as the livelihoods and food security of populations who depend on them. A WTO deal on this issue could constitute a major step in helping steer global fisheries in a more sustainable direction, but for this agreement to materialize, WTO Members need to intensify efforts to build consensus on several key issues.
With a view to supporting this process, this update provides an overview of the latest version of the draft consolidated text circulated by the Chair of WTO talks on fisheries subsidies, Ambassador Santiago Wills of Colombia, on May 11, 2021. It describes the main approaches taken in the draft consolidated text, highlights the key questions remaining for WTO Members' consideration, and indicates how the text suggests these questions could be answered. The brief has been designed to provide all interested stakeholders with a short, clear update on the state of play in WTO fisheries subsidies negotiations and to support WTO Members' engagement in the final phase of the negotiating process.
You might also be interested in
Foreign policy will hurt Canada's oil and gas sector more than anything: Economist
The Liberals take a minority government and with that comes stricter cuts to the oil and gas industry to meet a net-zero goal by 2050. Aaron Cosbey, economist at the International Institute for Sustainable Development joins BNN Bloomberg to discuss the future of climate policy in Canada.
Jagmeet Singh calls Liberals' climate record 'abject failure' in home stretch
As the Canadian federal election campaign nears its end, NDP Leader Jagmeet Singh is fighting off criticism from progressive environmentalists by trying to shift the focus back to Justin Trudeau's climate record.
Fossil fuel subsidies are one of Canada's biggest climate conundrums: where do the parties stand?
In 2009, when Canada and other G20 nations first pledged to tackle fossil fuel subsidies, a collective promise was made to do away with 'inefficient' subsidies. But the term inefficient has never been defined, giving governments and political parties during this election a significant amount of wiggle room.
Are you hearing what you've wanted to about climate in the election campaign?
Aaron Cosbey of the International Institute for Sustainable Development helps decipher the climate claims and rhetoric from the Canadian federal election campaign on Radio Noon Quebec with Shawn Apel.