SAMUDRA Report

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Issue No:86
  • :0973-1121
  • :November
  • :2021

Samudra Report No.86, November 2021

 

Time to Shift Gear
It is high time that negotiations on subsidies at the WTO result in an agreement whose primary goal is transparency and universality in fisheries conservation and management measures
The draft Agreement on Fisheries Subsidies (WT/MIN(21)/W/5) from the Chair of the Negotiation Group on Rules of the World Trade Organization (WTO), ought to be welcomed. This text is to facilitate the final negotiations ahead of the 12th Ministerial Conference (MC12) to be held soon in Geneva (30 November to 3 December)....


 

Comment

Time to Shift Gear

Introduction: It is high time that negotiations on subsidies at the WTO result in an agreement whose primary goal is transparency and universality in fisheries conservation and management measures



The draft Agreement on Fisheries Subsidies (WT/MIN(21)/W/5) from the Chair of the Negotiation Group on Rules of the World Trade Organization (WTO), ought to be welcomed. This text is to facilitate the final negotiations ahead of the 12th Ministerial Conference (MC12) to be held soon in Geneva (30 November to 3 December).

As a result of a momentous redistribution, thanks to the 1982 United Nations Convention on the Law of the Sea (LOSC), the developing world now accounts for more than two-thirds of the global marine capture fishery production. Global marine fish production, however, has already peaked and there are worrying signs of overfishing. It is, therefore, high time to shift gear and move globally towards a fisheries conservation and management regime. The sovereign rights of the coastal States for exploring and exploiting the marine living resources should be matched with their sovereign rights to conserve and manage resources for present and future generations. This principle should apply to all nations.

WTO negotiations on fisheries...

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