WebFeb 20, 2024 · The WTO Agreement on Fisheries Subsidies, adopted at the 12th Ministerial Conference (MC12) on 17 June 2024, marks a major step forward for ocean … Web2 days ago · Global subsidies are estimated at $35.4 billion, according to a 2024 study published in Marine Policy. The top five subsidisers are China, the EU, the United States, South Korea and Japan, it...
Fisheries Subsidies Reform Could Reduce Overfishing and Illegal …
WebNov 29, 2024 · Fishing subsidies institutionalize and extend colonial practices of resource extraction. Subsidies and overfishing not only affect a population’s economic sustainability related to income and employment, but also their food sovereignty and food security. WebNov 21, 2024 · Huge subsidies provide the economic incentive to continue fishing even when fish are stocks are already declining and fishing is no longer profitable. This means that it will be much more difficult for much-needed efforts to rebuild stocks through catch controls and improved management to be successful. © Antonio Busiello / WWF-US 5. diamond crest rogers mn
WTO Agreement on Fisheries Subsidies
WebApr 12, 2024 · Government subsidies for vessels, fuel and equipment involved in illegal and unsustainable fishing activities encourage overfishing and the depletion of fish stocks globally. The agreement, which was concluded in June 2024, also includes new transparency and notification requirements about government fisheries subsidies. WebNov 1, 2024 · Our study suggests that globally, approximately USD 35.4 billion was provided as subsidies to the fishing sector via public sources in 2024. The composition of these estimates are presented in Fig. 1, which shows that capacity-enhancing subsidies are the largest subsidy category at USD 22.2 billion (63% of the total estimate), followed by … WebJul 15, 2024 · A golden opportunity to end destructive fishing subsidies. Ngozi Okonjo-Iweala Thursday, July 15, 2024. Editor's Note: This op-ed was originally published by … diamond crest townhomes norman ok