Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home

    EU proposes to curb subsidies causing overfishing in WTO countries

    npsBy nps17 October 2016Updated:25 June 2024 No Comments2 Mins Read
    — Filed under: EU News Fisheries Headline1
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU proposes to curb subsidies causing overfishing in WTO countries

    Fishing boat

    (BRUSSELS) – The European Union called for WTO talks on fishery subsidies Monday to combat the depletion of fish stocks and the devastation of natural habitats.

    Almost 60 per cent of fish resources are at the limit of sustainability, according to the estimates from the UN Food and Agriculture Organization (FAO).

    The global fishing fleet is now far too large to ensure sustainable fishing and the overall picture is alarming across the globe.

    The issue has been part of the WTO Doha Round and some free trade agreements. Some smaller initiatives between groups of countries have also been undertaken recently. None of them could however sufficiently address the real scale of the problem.

    While curbing harmful subsidies, the EU proposal foresees exceptions for developing countries, and takes account of the needs of local fishing communities in least developed and developing countries.

    Commissioner for Trade Cecilia Malmstroem and Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella wrote in a blog post: “A broad, multilateral agreement on harmful fishing subsidies will be key to safeguarding the world’s fisheries. We call upon other members of the WTO to join us in addressing this massive global challenge together, and to implement the commitments we made in the UN Sustainable Development Goals. Negotiations should start immediately, in order to reach an agreement at the next WTO Ministerial Conference in December of next year.”

    The proposal from the Commission has now been given the green light of the EU Member States, and will be presented to all WTO members later this week.

    The proposal addresses two forms of harmful subsidies, namely those that directly increase the capacity of fleets to catch fish and those that contribute to illegal, unregulated or unreported fishing.

    While the rapidly growing capacity of industrial fleets needs to be addressed, subsistence fishing needs to be protected. The EU proposal is in line with commitments made in the UN Sustainable development goals to prohibit certain forms of fisheries subsidies through the WTO by 2020.

    UN Sustainable Development Goals

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EU approves EUR 300m for common defence procurement projects

    EU proposes e-declaration for the posting of workers

    EU calls on Apple to end geo-blocking on media services

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    EU artificial intelligence factories set for 2025

    Council agrees reform of EU VAT rules for the digital age

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok