As part of the United Nations Sustainable Development Goals (SDGs) agenda, the World Trade Organisation (WTO) has been given a prominent role to regulate and discipline global fisheries subsidies. The main goal is to eliminate IUU1 subsidies and prohibit certain forms of fisheries subsidies that contribute to overcapacity and overfishing by 2020. In order to speed up the complex intergovernmental negotiations, a High Level Event on Trade, Climate Change and Oceans Economy took place in Geneva this week, where Europêche presented the huge progress made in Europe, to eliminate harmful subsidies and secure the sustainable and responsible management of fisheries resources.
As part of the United Nations Sustainable Development Goals (SDGs) agenda, the World Trade Organisation (WTO) has been given a prominent role to regulate and discipline global fisheries subsidies. The main goal is to eliminate IUU1 subsidies and prohibit certain forms of fisheries subsidies that contribute to overcapacity and overfishing by 2020. In order to speed up the complex intergovernmental negotiations, a High Level Event on Trade, Climate Change and Oceans Economy took place in Geneva this week, where Europêche presented the huge progress made in Europe, to eliminate harmful subsidies and secure the sustainable and responsible management of fisheries resources.