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Failure to land WTO fishing subsidies deal will leave everyone poorer
Now the risk is further depletion of fishery stocks and possibly the complete scrapping of a broader global deal on the issue
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A worker on Jan 13, 2024, sorting a catch of fish after it was unloaded from a fishing boat at a harbour in Pingtan Island, The failure to get a WTO deal places at risk the livelihoods of 260 million people who rely directly or indirectly on fishing.
PHOTO: AFP
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Some of the world’s wealthiest nations are in a race to the bottom. Literally. Billions of dollars in subsidies are funding large, high-tech fishing fleets that are scouring the globe for dwindling fish stocks.
This is depleting the seas and hurting poorer nations that do not have the resources to compete.
