WTO members propose more stringent reporting regime for top fishery subsidizers

Iceland WTO Ambassador Einar Gunnarsson and WTO Director-General Ngozi Okonjo-Iweala.
In an ongoing attempt to limit overcapacity and overfishing in the world’s oceans, the World Trade Organization (WTO) has proposed a two-tier reporting regime for its member states amid continued negotiations on ending harmful subsidies, which will subject the largest subsidizers of fishery activities to a higher level of scrutiny. Icelandic WTO Ambassador Einar Gunnarsson described the proposed setup as a “two-tier sustainability-based qualification,” whereby the largest subsidizers – a group…

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