WTO members propose more stringent reporting regime for top fishery subsidizers

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…