SAMUDRA Report

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Issue No:75
  • :January
  • :2017

Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our ancestors, we borrow it from our children.
—a Native American saying

Roundup

News, events, briefings and more...


SUBSIDIES

WTO members engage on new fisheries subsidies proposals

Members engaged in detailed discussions on three new proposals aimed at achieving an outcome on fisheries subsidies at the upcoming Ministerial Conference of the World Trade Organization (WTO) in Buenos Aires, Argentina, in December 2017. The proposals from the European Union (EU), the African, Caribbean and Pacific (ACP) group of members, and six Latin American members— Argentina, Colombia, Costa Rica, Panama, Peru and Uruguay—all seek to achieve the 2020 targets set out in the United Nations’ Sustainable Development Goals (SDGs).

SDG 14.6 calls for prohibiting certain forms of fisheries subsidies which contribute to overcapacity and overfishing, eliminating subsidies that contribute to illegal, unreported and unregulated (IUU) fishing, and refraining from introducing new such subsidies, by 2020. Goal 14.6 also recognizes that appropriate and effective special and differential (S&D) treatment for developing and least-developed members should be an integral part of the WTO fisheries subsidies negotiations.

The three proposals presented at the 9 December meeting of the Negotiating Group on Rules (NGR) all share the same objectives: achieving the goals set...

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