Eliminating harmful fishing subsidies
Following these commitments, we now have a unique opportunity to develop binding and effective new rules to prohibit subsidies that promote unsustainable outcomes.
We also have the chance to develop clear criteria that allow fishing subsidies which promote sustainable fisheries management.
Our current work includes:
- providing input into WTO negotiations on reforming fishing subsidies.
- developing detailed proposals and approaches on how to balance subsidy reform with the provision of legitimate financial subsidies that conserve marine resources.
- calling for intergovernmental organizations other than the WTO to play a role in regulating these subsidies.
These subsidies encourage overfishing, and can harm local fishing industries and distort international markets.
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