WTO chief sees fisheries subsidies deal ratified before year’s end


Source: theglobeandmail.com theglobeandmail.com

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The World Trade Organization’s director-general said on Wednesday she was hopeful a fisheries subsidies agreement would be ratified this year by the required number of members, despite the disappointment of not finalizing the deal at a recently concluded ministerial conference. Environmentalists say knocking out billions of dollars in subsidies that promote unsustainable fishing is the single most important thing countries can do to help reverse declining stocks. “I’m really pushing, and we’re all pushing, at the WTO to see whether we can get this ratified this year. I’m very pleased with the pace of ratification,” Ngozi Okonjo-Iweala said in an...