UPDATE 1-China aims to approve WTO fisheries subsidy deal in 2023


Source: agriculture.com agriculture.com

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(Adds context, ratification from Switzerland) GENEVA, Jan 20 (Reuters) - Major fishing nation China aims to approve the World Trade Organization's agreement on cutting fisheries subsidies this year, the commerce ministry said on Friday. At a meeting in June 2022, all of the WTO's 164 members agreed to reduce the fisheries subsidies that spur over-fishing. China is a major subsidiser, so its endorsement for the deal would be important, observers say. On Friday, Switzerland also said it would ratify the deal during a meeting at the annual World Economic Forum in Davos. While landlocked Switzerland is not a significant fishing...