India has endorsed the ministerial draft regarding fisheries subsidies at the World Trade Organization. This initiative aims to reduce overfishing while maintaining special and differential treatment for developing nations and Least Developed Countries (LDCs).
The draft builds on advancements achieved during prior ministerial conferences and advocates for ongoing negotiations to establish comprehensive frameworks on subsidies contributing to overcapacity and overfishing, ensuring sufficient protections for developing economies. Members have committed to formulating recommendations for the 15th Ministerial Conference.
In his address, Commerce and Industry Minister Piyush Goyal stressed the importance of a balanced and inclusive approach. He pointed out that fisheries sustain over 9 million livelihoods in India, predominantly supported by small-scale, traditional, and artisanal fishermen employing sustainable methods.
Goyal underscored that the challenge of overfishing largely arises from heavily subsidized industrial fleets, rather than small-scale fishers in developing countries. He reaffirmed India’s endorsement of the draft, stating that “subsequent decisions must yield a fair and development-focused result that safeguards both marine resources and livelihoods.”
India has persistently advocated for the rights of small fishermen and called for heightened accountability from developed nations. It has also brought up associated issues regarding agriculture and public stockholding at international forums, striving for just and equitable outcomes.
(Edited by : Sheersh Kapoor)
