May 25, 2021
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Ending harmful fisheries subsidies would improve the health of our ocean. This is why
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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.
Author: Maria Damanaki, Principal Advisor, SYSTEMIQ, UK; Principal Advisor, The Paradise International Foundation, China, Member of Friends of Ocean Action
Subsidies paid to the global fishing industry amount to $35 billion per year, of which more than 60% meets the WTO definition of harmful subsidies.