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Fisheries subsidies negotiations at the WTO: Developing countries at risk; here’s why November 28,2016   |  Source: The Financial Express

The recent developments at the World Trade Organisation (WTO) on negotiations on fisheries subsidies have put India and many other developing countries in a spot. A concerted effort is being made by the developed nations and some developing countries to prohibit subsidies granted for illegal, unregulated and unreported (IUU) fishing, or subsidies granted to overfished stocks.

While no country can support IUU fishing or subsidising overfished stocks, the developing countries are at a risk of agreeing to obligations that they might find extremely onerous to comply with. Consequently, even subsidies granted for non-IUU fishing may get prohibited, thereby threatening the livelihoods of millions of fishermen and fish workers in developing countries.

Negotiations on fisheries subsidies are an integral part of the Doha Round of trade negotiations at the WTO. While most of the Doha Round issues are languishing, there appears to be a renewed vigour among some countries to prohibit fisheries subsidies. This stems from the narrative that subsidies have contributed to overexploitation of fish stocks, resulting in unsustainable fishing.
According to the Food and Agriculture Organisation (FAO), the total production of capture and aquaculture fisheries has increased from 145.9 million

 

© The Financial Express, 2016

Theme(s): Post Harvest Technology and Trade.

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