At WTO, India to support ‘poor’ fishers.

Syllabus: GS-III

Subject:Trade and External sector

Topic: WTO & its issues

Issue: Fisheries Subsidies at WTO

Context:Upcoming WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi.

Curbing fishery subsidies:

  • Developed nations are demanding to curb fishery subsidies that contribute to overcapacity and overfishing.
  • However,developing nations,including India insist on specific carve outs to protect its resource-poor fishers and preserve the space to develop its deep sea capacities like developed countries.
  • India has demanded it as part of special & differential treatment for developing nations that
    • poor fishers should be exempt from all subsidy cuts irrespective of where they fish,
    • And all fishers in developing nations should be exempt from subsidy cuts for fishing within the exclusive economic zone (EEZ) of 200 nautical miles.
    • A 25 year exemption to developing nations from subsidy cuts for fishing in waters beyond EEZ that will help them to develop their fishing capacities.

A partial agreement “Agreement on Fisheries Subsidies” on curbing harmful fisheries subsidies, to curb illegal, unreported and unregulated fishing, was agreed to at the previous WTO MC12 “Geneva package” in 2021.

World Trade Organization (WTO)

It is an intergovernmental organization that regulates and facilitates international trade between its member countries.

What it does?

  • Establishes and enforces trade rules
  • Promotes free trade
  • Develops new trade rules
  • Provides technical assistance to member countries

WTO Ministerial Conference is the highest decision-making body which meets every two years or more.

 

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