Failed WTO Treaty on Fishing Subsidies Sparks Global Concern

Countries and environmental groups expressed disappointment after a draft treaty to reduce fishing subsidies failed at the WTO. The treaty, seen as crucial for aiding overfished stocks, was blocked by India, which criticized its shortcomings and sought further concessions for developing countries.

Countries and environmental groups voiced their concern and disappointment on Tuesday after a draft treaty aimed at cutting fishing subsidies failed to pass at the World Trade Organization (WTO). China called for major changes in how countries negotiate.

The talks, deemed essential for helping over-fished stocks recover, have been ongoing for over 20 years. An initial package was approved in 2022, but the second phase, addressing tougher issues, was blocked by India. India criticized the treaty's "significant shortcomings" and sought more carve-outs for developing nations.

The treaty talks were consequently downgraded to merely being "discussed" by the WTO's 166 members. U.S. Ambassador Maria Pagan expressed deep concern and difficulty in understanding India's objectives, while China's Ambassador Li Chenggang emphasized the urgency for reform. Environmental groups echoed the need for immediate action, citing harm to fish populations and coastal communities.

(With inputs from agencies.)