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World News: Curbs on fisheries subsidies debated at WTO meeting December 04,2019   |  Source: Seafood Source

India and several other developing countries have challenged a potential agreement on fisheries subsidies currently being negotiated at the World Trade Organization, according to a 1 December report from The Hindu BusinessLine.

WTO members are working on an agreement to curb fisheries subsidies that lead to overfishing and destruction of marine life. The pact was supposed to be signed at the next ministerial meeting in June 2020. However, several areas of disagreement between developed and developing countries still exist, especially regarding an extension of the effective special and differential treatment (S&DT) provisions and exclusions. These provisions would give developing countries flexibility to subscribe to less onerous reduction commitments compared to richer countries.

At a recent meeting of the negotiating group on fisheries subsidies, representatives from India, Venezuela, Benin, Senegal, South Africa, Morocco, Pakistan, and Nigeria said they wanted the S&DT provisions to be an integral part of any future agreement, the newspaper reported, citing a Geneva-based official. As a country vulnerable to natural disasters, especially cyclones, India has insisted that government measures such as disaster relief, hygiene protection, and safety-related provisions should

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