• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, January 16, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

WTO starts text-based negotiations on fisheries subsidies.

M.Cby M.C
September 22, 2020
Reading Time: 3 mins read
The Negotiating Group Chair, Ambassador Santiago Wills of Colombia.

The Negotiating Group Chair, Ambassador Santiago Wills of Colombia.

The World Trade Organization (WTO) members, during the 14-18 September cluster of meetings of the Negotiating Group on Rules, began a new phase of their work on an agreement to curb harmful fisheries subsidies.

WTO indicated that “several members noted that the focus on specific parts of the text was particularly useful as it helped generate some suggestions for compromise language, as well as greater clarity on members’ positions”.

The cluster comprised meetings of heads of delegations, technical discussions among the Negotiating Group, and informal consultations among members and with the Negotiating Group Chair, Ambassador Santiago Wills of Colombia.

RelatedPosts

ICJ To Open Myanmar Genocide Hearings

$10 Trillion Trade Finance Market Faces Reset with ICC’s Sustainability Breakthrough

UN Expresses Concern Over Venezuela’s Future After Maduro’s Capture

The discussions were anchored on a consolidated draft document the chair had introduced in June and which members in July had agreed to use as the starting point for text-based work.

“Members reviewed draft language on subsidies contributing to overcapacity and overfishing, subsidies to distant water fishing, special and differential treatment for developing and least-developed countries, and transparency provisions.

fish harvesting 530
Fish harvesting .image credit : FAO

“At the close of the cluster of meetings, members said the week had been productive and helped provide a fuller perspective of various positions. The chair said the quality of the exchanges during the week, which marked the resumption of negotiating work since the summer break, was an encouraging sign”, WTO said.

As for the deadline for concluding talks, the chair noted that some members had emphasized the importance of concluding the negotiations in 2020 as previously agreed, and also acknowledged that some other members had questioned the feasibility of meeting that timing, given the ongoing difficulties stemming from the COVID-19 crisis.

 “No member had said they were against continuing to work towards the end-of-year deadline, and work would thus continue to be organized with the aim of making as much progress as possible, the chair said. He will continue to consult with members during the period before the next cluster of fisheries subsidies meetings to be held on 5-9 October”.

WTO further explained that, “fisheries industries worldwide are vital for providing food and livelihood to people. The challenge, however, is to meet present demands while safeguarding resources for future generations. Subsidies for fishing are thus on the negotiating agenda to ensure that governments find a sustainable balance between supporting fisheries production and conservation.

ADVERTISEMENT

“According to the Food and Agriculture Organization (FAO) of the United Nations, fish stocks that are within biologically sustainable levels has fallen from 90.0 percent in 1974 to 66.9 percent in 2015.

fisheries1218 md
Image credit : WTO

“Certain forms of fisheries subsidies could be contributing to overfishing and overcapacity of fleets around the world as well as enabling illegal, unreported, and unregulated (IUU) fishing”.

At the WTO’s 11th Ministerial Conference in 2017, ministers agreed, consistent with UN Sustainable Development Goal Target 14.6, to secure an agreement in 2020 on disciplines eliminating subsidies for illegal, unreported and unregulated fishing and prohibiting certain forms of fisheries subsidies that contribute to overcapacity and overfishing, with special and differential treatment for developing and least-developed countries.

WTO negotiations on fisheries subsidies were launched in 2001 at the Doha Ministerial Conference, with a mandate to “clarify and improve” existing WTO disciplines on fisheries subsidies. That mandate was elaborated in 2005 at the Hong Kong Ministerial Conference, including with a call for prohibiting certain forms of fisheries subsidies that contribute to overcapacity and overfishing.

Tags: #Fisheries subsidies#Negotiations#WTO
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

Airlines Who Board Passengers Without PCR Test results To be Fined US$3,500 Per Passenger- GAC

Next Post

Mahama suspends Bono Region tour due to reports of challenges with the voter register

Related Posts

Journalists outside the Peace Palace, housing the ICJ in The Hague.
Around the Globe

ICJ To Open Myanmar Genocide Hearings

January 12, 2026
$10 Trillion Trade Finance Market Faces Reset with ICC’s Sustainability Breakthrough
Around the Globe

$10 Trillion Trade Finance Market Faces Reset with ICC’s Sustainability Breakthrough

January 8, 2026
U.N. High Commissioner for Human Rights, Volker Türk Sounds Alarm Over Shift In US
Around the Globe

UN Expresses Concern Over Venezuela’s Future After Maduro’s Capture

January 6, 2026
Australian Prime Minister Anthony Albanese.
Around the Globe

Australia To Launch Gun Payback Scheme

December 19, 2025
Mexico's President, Claudia Sheinbaum.
Around the Globe

Sheinbaum Urges UN To Prevent Bloodshed In Venezuela

December 17, 2025
AFP 20251125 866D264 v1 HighRes SudanConflictDisplaced 1765863556
Around the Globe

IRC Warns Growing Global Disorder To Worsen Humanitarian Crises

December 16, 2025
China Slams Canada’s Warning
Asia

China, Canada Pledge To Bolster Ties In Xi-Carney Meeting

by Comfort AmpomaaJanuary 16, 2026
Samuel Atta Akyea, Former MP for Abuakwa South
General News

Selecting New NPP Candidate for 2028 is a “Lottery” – Atta Akyea Warns

by Silas Kafui AssemJanuary 16, 2026
General News

Vice President Advances Ghana-Japan Economic and Diplomatic Ties in High-Level Talks

by Evans Junior OwuJanuary 16, 2026
Hon. Samuel Abu Jinapor
Extractives/Energy

Galamsey Fight not Successful as It Should Be – Former Lands Minister

by Bless Banir YarayeJanuary 16, 2026
Bullish Wave Sweeps GSE as Market Sees Three Gainers and Zero Losers
Securities/Markets

Equities End Session Stronger with Zero Decliners in Broad-Based Market Rally

by M.CJanuary 16, 2026
GOIL’s share price
Extractives/Energy

GOIL Shares Surge Nearly 95% in 2025 as Investor Confidence Returns

by Prince AgyapongJanuary 16, 2026
China Slams Canada’s Warning
Samuel Atta Akyea, Former MP for Abuakwa South
Hon. Samuel Abu Jinapor
Bullish Wave Sweeps GSE as Market Sees Three Gainers and Zero Losers
GOIL’s share price

Recent News

China Slams Canada’s Warning

China, Canada Pledge To Bolster Ties In Xi-Carney Meeting

January 16, 2026
Samuel Atta Akyea, Former MP for Abuakwa South

Selecting New NPP Candidate for 2028 is a “Lottery” – Atta Akyea Warns

January 16, 2026
VP with Japan Foreign Minister 3

Vice President Advances Ghana-Japan Economic and Diplomatic Ties in High-Level Talks

January 16, 2026
Hon. Samuel Abu Jinapor

Galamsey Fight not Successful as It Should Be – Former Lands Minister

January 16, 2026
Bullish Wave Sweeps GSE as Market Sees Three Gainers and Zero Losers

Equities End Session Stronger with Zero Decliners in Broad-Based Market Rally

January 16, 2026
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address