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The Trade Guys
Looking Ahead to MC13
Feb 23, 2024
Discussing the fish subsidies agreement ahead of the WTO Ministerial Conference, exploring global overfishing challenges, negotiations at MC13, impact of trade moratorium on small businesses, and future reporting on ministerial events.
32:50
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Quick takeaways
- MC13 aims to tackle illegal fishing practices and harmful subsidies to protect fish stock health.
- Sustainable fisheries management requires addressing overfishing threats and enhancing transparency in global fishing practices.
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Overview of Fish Subsidies Discussion at MC13
The upcoming WTO Ministerial Conference, MC13, will focus on the fish subsidies agreement, aiming to address issues concerning illegal, unreported, and unregulated fishing, overfishing, and overcapacity. While the previous MC12 achieved a landmark agreement, there are loopholes that require further work for effective implementation. The agreement aims to prohibit harmful subsidies, assess fish stock health, and regulate fishing activities on the high seas.
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