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WTO convenes trade ministers to net fisheries deal

WTO convenes trade ministers to net fisheries deal By AFP - Jul 16,2021 - Last updated at Jul 16,2021 This file photo taken on July 9, 2021 shows two bluefin tuna fish extracted with a crane after being fished by divers in a purse seine at the Balfego fishing company s aquaculture facility on the open sea off the coast of L Atmella de Mar. (AFP photo) GENEVA The World Trade Organisation (WTO) kicked off a ministerial meeting on Thursday aimed at breathing life into drawn-out negotiations towards banning subsidies that favour overfishing, but numerous sticking points remain. Before the meeting, WTO chief Ngozi Okonjo-Iweala voiced cautious optimism that trade ministers from the organisation s 164 member states could finally move towards clinching a historic agreement after 20 years of negotiations.

WTO chief seeks to wrap up fish talks as developing countries cry foul

4 Min Read GENEVA (Reuters) -The head of the World Trade Organization on Thursday expressed optimism about clinching a long-awaited deal to stop overfishing, even after some developing states criticised the draft agreement with India calling parts of it “unjust”. FILE PHOTO: Workers offload tuna from a fishing boat in Port Victoria, August 4, 2008. REUTERS/George Thande/File Photo The virtual conference in Geneva - the first meeting of WTO trade ministers since 2017 - was called to advance 20 years of talks aimed at fixing rules to curb harmful subsidies that lead to overfishing amid falling stocks. The trade body has not reached a global deal in years and Director-General Ngozi Okonjo-Iweala, who took office in March, aims to reach agreement by year-end in what will be a key test for its credibility with members deadlocked on other fronts.

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