Trade ministers are meeting virtually at the World Trade Organization this week seeking agreement to eliminate fisheries subsidies that contribute to overfishing. The 2015 U.N. Sustainable Development Goals identified such an agreement as an urgent international priority. Amid a global fisheries crisis, many experts feel a successful agreement would be a “triple win” for trade, development and the environment.
The WTO originally planned to reach a fisheries pact by the end of 2020, but that deadline passed without agreement. Sharp divisions among countries and a lack of leadership have hampered negotiations.
Fisheries subsidies is one of the few active areas of multilateral negotiations within the WTO, and many experts see securing an agreement as a key test of the organization’s ability to deliver new global trade rules.… Seguir leyendo »