EU Ratifies WTO Fisheries Deal
The EU adopted the World Trade Organization fisheries subsidies agreement, the European Council announced May 25. The deal prohibits subsidies contributing to illegal and unreported fishing, bars subsidies for fishing on the unregulated high seas and imposes sustainability rules for…
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subsidies in relation to the most vulnerable, overfished stocks. The U.S., Canada, Iceland, Seychelles, Singapore, Switzerland and the United Arab Emirates previously accepted the agreement, which was reached at the 12th WTO Ministerial Conference in June (see 2305160015). The trade body requires a two-thirds threshold for the agreement to come into effect.