July 10, 2024 — A new report published by the World Trade Organization Secretariat shows governments spend 63 times more on fishery subsidies than they have on official development assistance (ODA) toward fisheries sectors in the world’s least developed countries.
The report, “Leveraging Global Partnerships to Implement the WTO Agreement on Fisheries Subsidies for a Sustainable and Food-Secure Future,” found that between 2010 and 2022, USD 6.2 billion (EUR 5.7 billion) was committed to support marine fisheries. Of that total, 71 percent comprised assistance directed at supporting the design and implementation of sustainable fisheries policies and practices in developing economies.