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.
STORY HIGHLIGHTS Brazil introduced a revised proposal to reduce and limit WTO members’ fisheries subsidies.The proposal suggests adjustments to a table of percentage cuts that a member should make based
China’s distant-water fishing industry has “glorious achievements” to be proud of, according to the head of the state-sponsored lobby group representing the sector. Speaking at the China International Fishery Cooperation
Members of the World Trade Organization are negotiating an agreement to reduce harmful fisheries subsidies. Reaching a deal this year would be one of the most important actions that global
India has sought a clear dispute settlement mechanism in the global agreement to end harmful fisheries subsidies for which talks are going on. Since the agreement is “rooted on the
There are some signs that talks at the World Trade Organization on ending harmful fishery subsidies may restart next month after being suspended due to the coronavirus outbreak. A Heads
As part of its work to support a meaningful WTO agreement to discipline harmful fisheries subsidies, the International Institute for Sustainable Development has produced a set of six videos to summarize the
The COVID-19 recovery is a chance to foster a truly sustainable ocean economy. To that end, the world must work together to end harmful subisidies that encourage overfishing and exploitation.
15 January 2020: The World Trade Organization resumed talks on fishing subsidies last week. Globally, governments spend an estimated US$35 billion a year on fishing subsidies. About 63% of such
13 September 2018 – In a letter, 40 environmental organizations call for the European Commission to uphold the current State Aid Guidelines to the fisheries sector and prevent subsidies for the
At the WTO’s Eleventh Ministerial Conference in December 2017, ministers adopted a Decision on Fisheries Subsidies re-committing WTO members to implement their existing notification obligations on subsidies provided to fishing
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