Every year, governments pay billions of dollars to their fishing industries to carry on fishing even though stocks are seriously depleted. The Geneva-based World Trade Organisation (WTO) is holding a ministerial conference on July 15 to seek an agreement on banning harmful fisheries subsidies, a main factor in overfishing.
Fisheries are a classic example of the tragedy of the commons: property rights tend to be incomplete and access open, with overexploitation the result. Green fiscal reform can address these problems by assigning property rights, putting a price on fisheries access and reforming subsidies that encourage unsustainable practices.
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.
The World Trade Organization hosts talks next week aimed at reaching a deal to cap subsidies that contribute to the overfishing of the world’s seas
The African, Caribbean and Pacific Group and the Africa Group shared a joint proposal to replace special and differential treatment provisions under the overfishing pillar
There is only one month left to fine-tune possible agreements for governments to stop funding overfishing
A World Trade Organization deal to cease destructive payments would yield 12.5% rise by 2050 Overfishing presents one of the greatest threats to the health
World Trade Organization (WTO) members reviewed work undertaken in March and April to advance negotiations on an agreement to curb harmful fisheries subsidies. WTO members are
Head of the Kunming biodiversity summit asks nations to review destructive support for fishing, agriculture and other industries By Patrick Greenfield Billions of pounds of