World Trade Organization members celebrated the entry into force on Monday of a fisheries deal that marks the global body's first multilateral agreement with environmental sustainability at its core.
Breakdown
- WTO members celebrated the entry into force of a fisheries agreement to protect marine stocks.
- The agreement commits countries to reduce subsidies that support illegal fishing and over-exploitation. 11s
- The protocol was adopted after acceptance by two-thirds of WTO members. 35s
- This is the WTO's first agreement focused on environmental sustainability. 1m 17s
- Global marine fishing subsidies total around $35 billion annually, with most contributing to stock depletion. 1m 41s