Source: International Business Times
A fisherman pulls his net from the Mediterranean Sea on a trawler off Dbayeh near Lebanon's capital Beirut AFP The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- enters into force on Monday after years of thorny negotiations at a time of heightened international trade tensions. Agreed by more than 100 WTO members, including the United States, the European Union and China, the agreement sets binding rules requiring governments to consider the legality and sustainability of the fishing activities they subsidise. The discussions towards the deal began all the way back in 2001, with WTO members finally reaching an agreement by consensus in June 2022.
