WTO fisheries agreement comes into force, curbing harmful subsidies

Breakdown

• WTO members celebrated the entry into force of a fisheries agreement to preserve marine stocks.
• The agreement commits countries to reduce subsidies that support illegal fishing and over-exploitation. 11s
• The protocol was adopted at a ministerial conference and required acceptance by two-thirds of WTO members. 20s
• Members described the deal as a major milestone for the WTO and global sustainability. 1m 1s
• Global marine fishing subsidies total about $35 billion annually, with most contributing to stock depletion. 1m 41s