Revised fisheries draft: WTO draft snubs India's transition period proposal

WTO member nations from Tuesday will kick start a clause-by-clause discussion of the entire text of the revised draft

The revised draft text of the fisheries subsidies at the World Trade Organization (WTO) does not specify the transition period of 25 years for exempting some developing countries from subsidy cuts as proposed by India.

The transition period is likely to be decided after further discussion by member nations over the next few days. The global trade body looks forward to a consensus on the deal that aims to cap subsidies to promote sustainable fishing.

According to India’s recent proposal to the WTO, developing countries not engaged in distant water fishing should be exempt from overfishing subsidy prohibitions for 25