Common Contracts
1 similar Wto Fisheries Subsidies Agreement contracts
WTO Fisheries Subsidies Agreement: One Step CloserWto Fisheries Subsidies Agreement • June 23rd, 2023
Environmental protection, environmental awareness, sustainability; currently, these are ubiquitous concepts in regulation all over the globe, and international trade is not an exception.1 In June, 2022, the 12th Ministerial Conference of the World Trade Organization ("WTO") adopted by consensus the Agreement on Fisheries Subsidies ("FSA"), which is the first instrument in the context of the WTO that directly addresses ocean sustainability by prohibiting harmful fisheries subsidies and, thus, meets SDG Target 14.6.2 Since January this year, WTO Members have been progressively depositing their formal acceptances to the Protocol Amending the Marrakesh Agreement Establishing the World Trade Organization ("Protocol"), which contains the FSA and is incrementally approaching the quorum necessary to enter into force.
