The negotiating team for the European Union at the ongoing World Trade Organization talks on harmful fishery subsidies is insisting that any deal allow for continued tax exemptions for fuel purchases.
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.
Bangladesh has immense potential to utilize the Blue Economy concept for the betterment of its economy. To attain the expected goal different stakeholders should work together. Some recommendations can be drawn below for the useful implementation of the Blue Economy concept in our country.
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.
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