Source: World Trade Organization – WTO (video statements)
On 15 July, WTO members edged closer to an agreement which would set new rules for the global fisheries industry and limit government subsidies contributing to unsustainable fishing and the depletion of global fish stocks.
During an all-day meeting with 104 ministers and heads of delegation, WTO members pledged to conclude the negotiations soon and certainly before the WTO’s Ministerial Conference in early December, and to empower their Geneva-based delegations to do so. Members also confirmed that the negotiating text currently before them can be used as the basis for the talks to strike the final deal.
After the meeting, Director-General Ngozi Okonjo-Iweala and Amb. Santiago Wills of Colombia, who chairs the Rules Negotiating Group overseeing the fisheries subsidies negotiations, spoke with journalists at the WTO and virtually.
Learn more at wto.org