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WTO deal to cut down overfishing takes effect
Business Standard
|September 16, 2025
India, Indonesia are yet to sign the agreement
A World Trade Organisation agreement aimed at reducing overfishing took effect Monday, requiring countries to reduce subsidies doled out to fishing fleets and aiming to ensure sustainability of wildlife in the world's seas and oceans.
Following a string of national approvals more than three years after its adoption, the WTO Agreement on Fisheries Subsidies is designed to help limit the depletion of fish stocks caused by excessive fishing.
The Geneva-based trade body touts the deal as its first focusing on the environment, and the first broad and binding multilateral agreement on ocean sustainability.
This story is from the September 16, 2025 edition of Business Standard.
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