WTO's Commitment to Sustainable Fisheries through Subsidy Reforms

The World Trade Organization (WTO) has emphasized the importance of sustainable fishing practices through its Agreement on Fisheries Subsidies. This Agreement, which prohibits harmful subsidies, is intended to protect oceans and promote sustainable fishing worldwide. Currently, 90 out of 111 required Members have accepted the Agreement, and the WTO is urging further acceptance to meet the target before the Third UN Ocean Conference in June. The European Union has been acknowledged for its early acceptance and contributions to developing Members’ implementation.