India wants WTO fishery pact to offer equitable space for growth
Financial Express Mumbai|May 26, 2022
INDIA WILL ENDORSE a proposal at the World Trade Organization (WTO) on fishery subsidies if the agreement is equitable and does not tie the member countries to a disadvantageous position in perpetuity, official sources said on Wednesday.
India wants WTO fishery pact to offer equitable space for growth

A series of meetings are taking place in Geneva to reach a consensus on an agreement, aimed at containing harmful subsidies to promote sustainable fishing, ahead of the 12th ministerial conference that starts from June 12.

India favours a 25-year exemption from over-fishing subsidy prohibition for developing countries that are not engaged in distant-water fishing. At the same time, it suggests big subsidisers abolish their dole-outs within these 25 years, setting the stage for most developing nations to follow suit.

This story is from the May 26, 2022 edition of Financial Express Mumbai.

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This story is from the May 26, 2022 edition of Financial Express Mumbai.

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