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India refutes New Zealand’s charge of fisheries subsidies breeding inefficiency by Amiti Sen May 15,2018   |  Source: The Hindu BusinessLine

Fisheries subsidies such as sops for fuel, boat and gear, given by the Indian government, have come under fresh attack from New Zealand at the World Trade Organisation for allegedly encouraging inefficiency.

New Delhi, however, refused to take the criticism lying down and said these were policy issues and it was free to decide on how to moderate or reform its policy.

“The disciplines on fisheries subsidies are being negotiated and the kind of subsidies to be prohibited is a subject matter of discussion under the negotiating group on rules,” India said in its reply to New Zealand’s observations made at the group on subsidies and countervailing measures.

At the WTO’s Ministerial meeting in Buenos Aires in December 2017, members agreed to continue the fisheries subsidies negotiations and try and adopt an agreement by the next conference in 2019 on disciplines that prohibit subsidies that contribute to overcapacity and overfishing, and eliminate subsidies that contribute to illegal, unreported and unregulated (IUU) fishing.

New Delhi has been demanding flexibility in the form of special and differential treatment in the implementation of commitments as its subsidies to small fishers in the form of support for motorisation of fishing boats, fuel rebates and

 

© 2018, The Hindu Business Line

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