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Africanews

World Trade Organization fisheries agreement comes into force

Africanews · Just In
Africanews
Africanews
Just In

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
Environment