The global trade body wants to build a consensus on the agreement that aims to eliminate subsidies for illegal, unreported and unregulated fishing and promote sustainable fishing
Even as India is keen on finalising the fisheries agreement at the World Trade Organisation’s (WTO’s) 12th ministerial conference (MC12) next month, government officials said the proposed draft lacks fairness and the right balance.
India will agree to the WTO’s proposed agreement on fisheries subsidies, provided the deal is equitable and does not put member countries into a disadvantageous position in perpetuity, they said on Wednesday.
Starting May 30, negotiations on the long-standing issue at the WTO on fisheries subsidies will continue daily for a week to reach an agreement or consensus from all-member nations. Thereafter, it will be taken up at
First Published: May 25 2022 | 11:37 PM IST