The World Trade Organization (WTO) has finalized an agreement concerning fisheries subsidies, implementing it on September 15th. This agreement represents a significant step in addressing complex global fishing practices. The agreement aims to promote sustainable fishing by establishing clearer rules and mechanisms for member nations to manage fishing quotas and prevent overexploitation of marine resources. It involves collaborative efforts to reduce illegal fishing and enhance transparency within the fishing industry. The implementation of this deal will be subject to ongoing monitoring and evaluation by the WTO.
Credits: The Straits Times World News