Fisheries Subsidy at Abu Dhabi WTO Meeting 

  • India reiterates its commitment to responsible and sustainable fisheries in its large and varied fishing community. 
  • The agreement should consider the interests and welfare of the fishing community, which depends on marine resources for their livelihood. 
  • Subsidies are vital for developing countries and small economies to develop and diversify their fisheries sector and protect the food security and livelihood security of their fishermen. 
  • The negotiation should be built on Common but Differentiated Responsibilities and Respective Capabilities (CBDR- RC) and incorporate Special and Differential Treatment (S&DT). 
  • Urgent case for capturing non-specific fuel subsidies and transferring fishing rights to corporate fishing under government-to-government (G2G) payments. 
  • They urged Members to introduce a moratorium on subsidies by Distant Water Fishing Nations for fishing or fishing-related activities beyond their EEZs for at least 25 years. 
  • India criticized the current approach for addressing Over Capacity and Over Fishing (OCOF) and emphasized the sovereign rights of Members for sustainable fisheries management within their EEZs.
Posted in Current Affairs.