Latest proposal on WTO subsidies still favours advanced fishing nations

While India is ready to take sustainability measures in fisheries and opposes irrational subsidies and overfishing by many countries, it may not agree to the latest proposal

The revised draft text of the fisheries subsidies at the World Trade Organization (WTO) remains tilted in favour of advanced fishing nations, making it ‘unbalanced’ and ‘weak’, officials aware of the matter said on Thursday.

WTO member nations kick started a clause-by-clause discussion of the entire text of the revised draft in Geneva from Tuesday. India is also participating in the discussions to make sure its voice is heard.

While India is ready to take sustainability measures in the fisheries sector and is against irrational subsidies and overfishing by many countries, it is unlikely to agree to the