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

Gilgit-Baltistan activist praises J&K elections, criticises Pakistan’s role in PoJK

Senge Hasnan Sering, a prominent political activist from Gilgit-Baltistan, has commended India for holding assembly…

5 hours ago

“India is not far from sending astronauts to moon”: Indian scientists community after Chandrayaan 4 announcement

Responding to the Union cabinet's nod to India's fourth lunar mission, the Indian scientific community…

12 hours ago

India-US hold joint military exercise under Yudh Abhyas in Rajasthan

Spokesperson of Defence said on Wednesday that Over 1,200 Indian and US troops are currently…

12 hours ago

Taiwan detects 20 Chinese military aircraft, 10 naval vessels near its territory

Taiwan's Ministry of National Defence (MND) has said that 20 Chinese military aircraft and 10…

13 hours ago

PM Modi, Trump are strong leaders who respect each other, says former US President’s close aide

After former US President Donald Trump announced that he would meet Prime Minister Narendra Modi…

13 hours ago

After Moon and Mars, India sights science goals on Venus

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the development of the…

1 day ago