India will agree to the WTO's proposed agreement on fisheries subsidies, provided the deal is equitable and does not put member countries into a disadvantageous position in perpetuity, they said on Wednesday.
Starting May 30, negotiations on the long-standing issue at the WTO on fisheries subsidies will continue daily for a week to reach an agreement or consensus from all member nations. Thereafter, it will be taken up at the four-day ministerial conference in Geneva, starting June 12.
The global trade body wants to build a consensus on the agreement that aims to eliminate subsidies for illegal, unreported, and unregulated fishing and promote sustainable fishing.
This story is from the May 26, 2022 edition of Business Standard.
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This story is from the May 26, 2022 edition of Business Standard.
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