European Council Approves WTO Agreement on Fisheries Subsidies
The European Council announced on Thursday that they have adopted a decision, on behalf of the European Union, approving the fisheries subsidies agreement established by the World Trade Organization (WTO).
A consensus on the Agreement on Fisheries Subsidies was first reached in June 2022 at the WTO’s 12th Ministerial Conference in Geneva. The agreement sets “new binding, multilateral rules to curb harmful subsidies, which are a key factor in the widespread depletion of world’s fish stocks.” The agreement further dives into subsidies contributing to illegal, unreported and unregulated (IUU) fishing...
To Read Full Story Login Below.