India Asks for Differential Treatment on Fish Subsidies at WTO

  • India will soon circulate at the World Trade Organisation a draft paper on granting special and differential treatment for members of developing and least-developed countries (LDCs).
  • WTO members are in discussions to finalise an agreement to stop subsidies that have led to unsustainable fishing practices across the globe.
  • India agrees on the need for extensive prohibition of fisheries subsidies, but it has asked for special and differential treatment for developing countries and least-developed countries(LDCs).

Reasons to End Subsidies

  • Uncontrolled Fishing:According to the WTO, illegal, unregulated and uncontrolled fishing across the world is the main reason to end the subsidies.
  • Overcapacity& Over Fishing:The discussions on curbing ....
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