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TWN
Info Service on WTO and Trade Issues (Jul24/07) WTO negotiations to discipline fisheries subsidies that lead to overexploitation of marine resources cover three pillars – subsidies that contribute to: a) illegal, unreported and unregulated (IUU) fishing; b) overfished stocks; and c) overfishing and overcapacity (OFOC). The WTO Agreement on Fisheries Subsidies (AFS) was signed in 2022 but, due to wide differences in position among the Member states, covered only two out of the three pillars – IUU fishing and overfished stocks. The third pillar on OFOC has been the most complicated, with many issues remaining unresolved. A new briefing by Third World Network senior researcher Ranja Sengupta considers the key features of the concluded AFS and analyses the main issues at play in the ongoing OFOC negotiations, with a particular focus on their implications for small-scale fishers. This paper is available here on the TWN website. With
best wishes,
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