The China Mail - WTO still angling for sustainable fishing deal

USD -
AED 3.672504
AFN 64.000368
ALL 81.109773
AMD 359.873322
ANG 1.789785
AOA 918.000367
ARS 1535.503978
AUD 1.422678
AWG 1.8025
AZN 1.70397
BAM 1.74477
BBD 2.011597
BDT 123.993042
BGN 1.747831
BHD 0.377091
BIF 2997.279094
BMD 1
BND 1.275971
BOB 12.110264
BRL 5.440104
BSD 0.998796
BTN 94.782997
BWP 13.79901
BYN 2.942058
BYR 19600
BZD 2.008653
CAD 1.39745
CDF 2315.000362
CHF 0.82381
CLF 0.025146
CLP 992.920396
CNY 6.661104
CNH 6.651304
COP 3164.280298
CRC 454.168339
CUC 1
CUP 23.969847
CVE 98.367456
CZK 21.81604
DJF 177.849146
DKK 6.697404
DOP 60.537937
DZD 135.196931
EGP 55.738436
ERN 15
ETB 161.241358
EUR 0.892404
FJD 2.243704
FKP 0.746437
GBP 0.746408
GEL 2.603861
GGP 0.746437
GHS 11.635666
GIP 0.746437
GMD 74.000355
GNF 8839.823364
GTQ 7.635488
GYD 209.349213
HKD 7.84585
HNL 26.845087
HRK 6.76901
HTG 130.853294
HUF 327.940388
IDR 18133.75
ILS 3.14456
IMP 0.746437
INR 94.912504
IQD 1514.072885
IRR 1868415.000352
ISK 121.830386
JEP 0.746437
JMD 158.713591
JOD 0.70904
JPY 157.562504
KES 129.791695
KGS 87.448704
KHR 4075.114858
KMF 441.00035
KPW 899.999961
KRW 1333.880383
KWD 0.31117
KYD 0.83233
KZT 452.856952
LAK 22487.176056
LBP 89438.155136
LKR 332.209287
LRD 169.784558
LSL 16.644543
LTL 2.95274
LVL 0.60489
LYD 6.420447
MAD 9.82042
MDL 17.877693
MGA 4517.596681
MKD 54.931085
MMK 2099.994593
MNT 3599.692564
MOP 8.070654
MRU 40.499576
MUR 47.280378
MVR 15.450378
MWK 1731.477764
MXN 18.78615
MYR 4.058204
MZN 63.910377
NAD 16.644543
NGN 1346.470377
NIO 36.754539
NOK 9.208504
NPR 151.652616
NZD 1.772264
OMR 0.382702
PAB 0.998885
PEN 3.456889
PGK 4.545252
PHP 63.764504
PKR 276.304474
PLN 3.94725
PYG 5851.286855
QAR 3.64084
RON 4.782204
RSD 104.839645
RUB 80.449619
RWF 1474.374415
SAR 3.7544
SBD 8.058206
SCR 14.652482
SDG 601.503676
SEK 9.826204
SGD 1.278804
SHP 0.748335
SLE 22.903667
SLL 20969.504398
SOS 570.765868
SRD 37.619504
STD 20697.981008
STN 21.856461
SVC 8.739016
SYP 13001.999685
SZL 16.639458
THB 33.723038
TJS 9.193541
TMT 3.5
TND 2.986752
TOP 2.40776
TRY 49.933804
TTD 6.771935
TWD 32.621404
TZS 2646.683617
UAH 45.299969
UGX 4244.613944
UYU 40.153441
UZS 11979.124849
VES 887.479804
VND 25803.5
VUV 119.284453
WST 2.776099
XAF 585.378718
XAG 0.020359
XAU 0.000258029557
XCD 2.70255
XCG 1.799991
XDR 0.707052
XOF 585.378718
XPF 106.3919
YER 236.203589
ZAR 16.719695
ZMK 9001.203584
ZMW 20.14006
ZWL 321.999592
SSP 5745.299168
MXV 2.117302
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

WTO still angling for sustainable fishing deal
WTO still angling for sustainable fishing deal / Photo: © AFP/File

WTO still angling for sustainable fishing deal

The WTO was still pushing for a long-sought deal on curbing harmful fishing subsidies on Tuesday but some fear it could slip through the net.

Text size:

Some diplomats accused India of stifling agreement on a whole range of issues being thrashed out at the talks, including fisheries.

Negotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks have been going on at the World Trade Organization for more than 20 years.

The global trade body's leader, Ngozi Okonjo-Iweala, wants to pull off a major coup by finally sealing a deal at the WTO's first ministerial conference in nearly five years, being held in Geneva this week.

"While work is continuing on the last remaining issues, we have never been so close to concluding," said Colombia's WTO ambassador Santiago Wills, who chairs the fisheries negotiations at the organisation.

But with the four-day gathering of trade ministers set to close Wednesday, there were mixed views on whether the negotiations would cross the finish line.

And the conference mood had darkened, with several diplomats pointing the finger at Indian intransigence on not just fisheries but on every topic being thrashed out at the WTO's lakeside headquarters.

The WTO conference is trying to strike deals on e-commerce, agriculture, food security, Covid-19 vaccine patents and WTO reform.

But WTO agreements are only concluded by consensus, meaning objections from any of the 164 members can block progress.

- 'Far-reaching demands' -

EU trade commissioner Valdis Dombrovskis urged ministers to embrace compromise amid the hectic negotiations.

On fisheries, "there are countries taking very strong positions, very far-reaching demands, which in a sense weakens the purpose of this agreement which is to ensure the sustainability of fish stocks and ensure that the way fishing is subsidised does not contribute to unsustainable fishing practices", he told reporters.

Special treatment for the poorest countries is widely accepted, but some self-identified developing countries are demanding exemption from subsidy constraints, including large fishing nations like India.

A Geneva-based diplomat said the fisheries negotiations still hinged on the carve-outs for certain developing countries and whether they would apply to the likes of China and India.

A fisheries deal "would be an extraordinary deliverable for this week if we could actually get there", but "right now, people aren't sure we're going to", the diplomat said.

A $20-million financing fund announced Tuesday, aimed at helping developing countries better manage their fisheries and provide catch data required under the proposed rules, is "sadly" not a game-changer, said the diplomat.

- Birthday dream -

One EU official said that if a formal sustainable fishing agreement could not be reached, the progress so far needed to be preserved in some format.

"I'm not excluding that we might find an agreement, but I think at this stage we have to recognise it's highly unlikely that we would be able to have a fully-fledged agreement in 24-36 hours," the official said.

Okonjo-Iweala took over as WTO director-general in March 2021, staking her leadership on breathing new life into the crippled organisation.

The former Nigerian finance minister warned countries against trying to do trade-offs between the different topics being tackled.

Okonjo-Iweala, who turned 68 on Monday, hoped that a couple of the topics being negotiated would reach a conclusion.

"My own dream for my birthday is to get a successful ministerial," she said.

"One or two packages passed... I think that would do."

But several diplomats have indicated that India is proving the main obstacle in securing any agreements at the conference.

"India is being obstructive across the piece," said one Geneva-based diplomat.

"In no negotiation are they playing a constructive part."

Remi Parmentier, who heads the Varda Group which advises on environmental issues, said on Twitter: "If India is so unhappy at the World Trade Organization, maybe they should just suspend their membership, and let the rest of the members get on."

Y.Su--ThChM