Fishing Subsidies Archives

WTO strikes global trade deals after ‘roller coaster’ talks

June 17, 2022 — The World Trade Organization agreed on the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise.

The deals were forged in the early hours of the sixth day of a conference of more than 100 trade ministers that was seen as a test of the ability of nations to strike multilateral trade deals amid geopolitical tensions heightened by the Ukraine war.

The package, which the WTO chief called “unprecedented”, included the two highest profile deals under consideration – on fisheries and on a partial waiver of intellectual property (IP) rights for COVID-19 vaccines.

The accord to curb fishing subsidies is only the second multilateral agreement on global trading rules struck in the WTO’s 27-year history and is far more ambitious than the first, which was designed to cut red tape.

Read the full story from Reuters

WTO sets new date for discussions on deal to limit fishing subsidies

March 24, 2022 — The WTO has rescheduled its 12th Ministerial Conference for the week of 13 June, 2022, with a deal to limit fishery subsidies a key item on the agenda.

It comes as China has upped its subsidies to the country’s biggest state-owned tuna fishing firms while Greenpeace has sounded the alarm at the increased threat to marine biodiversity from growing distant-water fleets.

Read the full story at SeafoodSource

China blocks US forced labor proposal at WTO fishery subsidies talks

November 19, 2021 — China has refused to endorse a U.S. demand for annual inspections of fleets for use of forced labor to be included in a World Trade Organization accord on curbing illegal fishing subsidies.

China said the WTO has no mandate for tackling the labor issue in the agreement. The topic of forced labor was introduced to the talks only recently by the U.S. delegation in response to increased emphasis on the issue in Washington D.C.

Read the full story at SeafoodSource

Report finds China becoming more secretive about its fishing subsidies

October 29, 2021 — A new study prepared for campaign group Oceana suggests 85 percent of China’s subsidies to its fleet are harming the sustainability of fish stocks.

The report, “China’s Fisheries Subsidies Propel Distant-Water Fleet,” found that while China has reduced its fuel subsidies to the distant-water fleet, it is becoming more secretive about releasing data on direct and indirect subsidies to fishing firms.

Read the full story at SeafoodSource

Changes to global fisheries subsidies could level the playing field for traditional coastline communities

October 19, 2021 — Nestled deep in the northeast coast of Jamaica, hidden in the thick fertile forests of Portland parish, sits the multigenerational fishing community of Manchioneal. Families have been continually fishing these tropical waters since at least the 1950s, preserving and passing down artisanal fishing traditions. The community’s work and lifestyle, which includes earning their catch many miles offshore, has persisted even in the face of foreign competition bolstered by subsidies.

Trips taken by Manchioneal fishers can last anywhere between two and four days, depending on the weather and the fisher’s discretion. Fishing is one of this community’s main sources of income, responsible for at least 35% of employment in the community, according to available information.

Though their fishing traditions remain intact, the risks and costs are high. Today, the very survival of Manchioneal’s fishing community has been put in peril by the uneven playing field influenced by global subsidies to fisheries.

Globally, experts estimate that governments allocate about $35.4 billion annually in fishing subsidies. These funds are meant to support fisheries industries, which some governments acknowledge as drivers of both economic growth and food security.

But approximately $22.2 billion of those subsidies are geared toward capacity-enhancing, according to one 2019 analysis. For a large-scale fishing fleet, that includes things like marketing, tax exemptions, fishing access agreements, boat construction, fishing port development, and more. Since these fleets already have the means and equipment, the additional support exponentially increases their ability to fish for longer periods of time and go farther out into international waters. Rural fisher community development programs also benefit from subsidies, but artisanal fishers like those in Manchioneal say the reality is that they remain threatened by the sheer level of competition.

Read the full story at Mongabay

Impact of draft WTO deal minimal for fish stocks, study finds

July 20, 2021 — Following the passing of a 15 July deadline for World Trade Organization member-states to achieve an agreement on ending harmful fishing subsidies, the WTO head and The Pew Charitable Trusts are criticizing negotiators for failing to put aside national interests to strike a deal that would benefit the world’s oceans and marine life.

The world’s largest fishing nations are dodging their responsibilities, according to Isabel Jarrett, manager of The Pew Charitable Trusts’ project to end harmful fisheries subsidies.

Read the full story at Seafood Source

The WTO is negotiating to solve a global fisheries crisis. Here’s what’s at stake.

July 16, 2021 — Trade ministers are meeting virtually at the World Trade Organization this week seeking agreement to eliminate fisheries subsidies that contribute to overfishing. The 2015 U.N. Sustainable Development Goals identified such an agreement as an urgent international priority. Amid a global fisheries crisis, many experts feel a successful agreement would be a “triple win” for trade, development and the environment.

The WTO originally planned to reach a fisheries pact by the end of 2020, but that deadline passed without agreement. Sharp divisions among countries and a lack of leadership have hampered negotiations.

Fisheries subsidies is one of the few active areas of multilateral negotiations within the WTO, and many experts see securing an agreement as a key test of the organization’s ability to deliver new global trade rules.

Read the full story at The Washington Post

Depleted Global Fish Stocks May Get Boost From WTO

July 15, 2021 — World Trade Organization members are working to conclude negotiations that could stabilize wild fish populations—and help new Director-General Ngozi Okonjo-Iweala restore the WTO’s credibility.

The talks target government subsidies that the trade organization says help drive “illegal, unreported and unregulated fishing” that contributes to overfishing and the depletion of fish stocks. If the negotiations are successful, they would result in the first multilateral trade agreement for the 164-member group since 2013. Many say it would be the most significant pact since the WTO was established in 1995.

Member nations have been squabbling for years over how to stop overfishing. Ms. Okonjo-Iweala, who took office in March, is pressing them to compromise, and business and environmental groups are optimistic her approach will lead to a resolution.

“There is not going to be a better moment to deliver on this mandate,“ says Isabel Jarrett, a fisheries expert at Pew Charitable Trusts. “This is important to Dr. Ngozi to show that in her first year, she can deliver an outcome of global importance.”

Global annual fish consumption is expected to grow 16.3% between 2020 and 2029, according to the Organization for Economic Cooperation and Development, pressuring wild fish populations.

Read the full story at The Wall Street Journal

No deal at WTO on fishery subsidies, negotiations pushed to September

July 13, 2021 — Hope for a deal on curbing harmful fishing subsidies has faded after the World Trade Organization pushed back its deadline for a deal until September 2021.

WTO Director-General Ngozi Okonjo-Iweala had set a deadline of 15 July for achieving an agreement, but that date will now a virtual meeting of ministers to “advance negotiations” on curbing harmful fisheries subsidies, according to a WTO notice.

Read the full story at Seafood Source

EU fuel fight ignites as WTO subsidies negotiations enter final week

July 12, 2021 — Daniel Voces, the managing director of the European Union’s primary fishing industry advocacy group, Europêche, believes members of the World Trade Organization will reach a deal on curbing illegal fishing subsidies this week.

WTO Director-General Ngozi Okonjo-Iweala has pleaded with negotiators in Geneva, Switzerland, to come to an agreement before the deadline for negotiations arrives on 15 July. Negotiators are currently considering a draft version of an accord, but differences remain due to sparring over exemptions for developing nations as well as fuel subsidy definitions and enforcement mechanisms.

Read the full story at Seafood Source