Categories: Economy

WTO contours: Experts say developing nations must look at ways to protect low income and resource-poor fisherfolk

<p>
Ahead of the World Trade Organisation’s (WTO) July 15 deadline for its member countries to come up with a ‘clean and complete’ fisheries negotiation text to be presented to trade ministers to help them reach an agreement, experts asked developing countries including India to ensure that the interests of low-income and resource-poor fisherfolk are protected.</p>
<p>
Speaking at a webinar on ‘Fishery Subsidy and the Discussions at the WTO: Issues, Prospects and Way Forward’, Mukesh Bhatnagar, Professor, Centre for WTO Studies, Indian Institute of Foreign Trade, said India is looking to use the Special and Differential Treatment (SDT) mechanism to make sure that low income, resource-poor fishers, or livelihood fishing as well as fishing-related activities of developing countries in their respective territorial waters (12 nautical miles from the shores of the coastal state) are protected through an exemption from the ban on subsidies for unreported and unregulated fishing.</p>
<p>
A recent draft text put out by the WTO Chair of the negotiations has proposed a two-year time period (from the date when the final agreement enters into force) for developing countries including the least developed countries (LDCs) to do away with the exemption from subsidies for Illegal, unreported and unregulated (IUU) fishing (for fishing-related activities of their poor fishers).</p>
<p>
According to the draft text, two years as the applicable time period can be a starting point for discussing this provision. However, experts said there are many points (including those related to this timeline for exemption from the ban on subsidies as well as the definition of what constitutes ‘artisanal fishing’) in the draft text that are yet to be agreed upon by the members.</p>

IN Bureau

Recent Posts

US finalizing steps to remove long-standing regulations to foster civil nuclear cooperation with Indian firms: Jake Sullivan

Noting that the vision of India-US civil nuclear cooperation laid nearly 20 years ago by…

13 hours ago

Afghanistan outperforms Pakistan in polio battle: A setback for Pakistan

Afghanistan's success in the fight against polio is emerging as a stark contrast to Pakistan's…

17 hours ago

“Old practice of Pakistan to blame its neighbours,” MEA on airstrikes on Afghanistan

Following the reports of airstrikes on Afghan civilians, including women and children, the Ministry of…

17 hours ago

Human rights activist Amjad Ayub Mirza condemns PoJK Prime Minister’s call for jihad

Human rights activist Amjad Ayub Mirza has strongly condemned the recent call for jihad by…

17 hours ago

Indo-Nepal joint exercise Surya Kiran showcases military cooperation

The 18th Indo-Nepal Joint Military Exercise, Surya Kiran, is currently underway at Saljhandi in Nepal.…

17 hours ago

“Our country has now over 1000 km of metro network”: PM Modi virtually inaugurates, lays foundation of railway projects in J-K, Telangana, Odisha

Prime Minister Narendra Modi on Monday highlighted a significant development in India's transportation infrastructure, particularly…

18 hours ago