December 2, 2020 — A final round of negotiations at the World Trade Organization on cutting fisheries subsidies opened on Tuesday with some delegates seeing little hope for a deal by a 2020 deadline despite intensifying negotiations.
World leaders committed in 2015 to a series of U.N. targets and one of them mandates the Geneva-based trade watchdog to strike a deal on ending government subsidies worth billions of dollars that contribute to over-fishing.
However, three delegates involved in the closed-door talks said they were not expecting a deal by the end of the year, and one trade source said that discussions on a key area were effectively deadlocked.
“I would be surprised if there is a deal,” said a delegate.
Switzerland’s ambassador Didier Chambovey, who is facilitating talks, told members last week that positions on potential exemptions for developing countries were “entrenched”.
India is one of several countries seeking significant carve-outs, sources say.