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Tuesday, 21 March 2017 01:56

The EU proposes to curb subsidies causing overfishing in the WTO countries Featured

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The European Union called for WTO talks on fishery subsidies to combat the depletion of fish stocks and the devastation of natural habitats. Many countries the world over subsidies their fishing activity in ways that contribute to overfishing. The EU proposal is to address the two most harmful types of subsidies:
• Subsidies that increase the capacity of fleets to catch fish that represent almost 60% of all fisheries subsidies and lead directly to overfishing;
• Subsidies granted to fishermen who engage in illegal, unregulated or unreported (IUU) fishing.

While curbing harmful subsidies, the EU proposal foresees flexibility for developing countries and takes account of the needs of fishing communities in least developed and developing countries.

Source: 7 October 2016

Read 37191 times Last modified on 21 March 2017
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