Chinese Taipei Formally Accepts Agreement on Fisheries Subsidies, Bringing Tally to 90
Chinese Taipei (Taiwan) today (18 February) formally accepted the WTO Agreement on Fisheries Subsidies, bringing the total number of acceptances to 90. The Agreement, which entered into force on 26 December 2022, will help to curb harmful fishing subsidies and contribute to the sustainability of global fisheries.
The acceptance of the Agreement by Chinese Taipei is a significant step, as it is the first Chinese-speaking economy to do so. Chinese Taipei’s acceptance signals its commitment to promoting sustainable fishing practices and to cooperating with other WTO members to address the challenges facing global fisheries.
The Agreement on Fisheries Subsidies is the first binding international agreement dedicated to fisheries subsidies. It prohibits subsidies that contribute to overfishing and overcapacity, and it disciplines subsidies that harm the marine environment. The Agreement also promotes transparency and cooperation in the management of fisheries subsidies.
The Agreement has been widely welcomed by the international community, as it represents a major step forward in the fight against harmful fishing subsidies. The formal acceptance of the Agreement by Chinese Taipei is a further sign of the growing momentum behind the Agreement and the commitment of WTO members to sustainable fishing practices.
The WTO Director-General, Ngozi Okonjo-Iweala, said: “I welcome the formal acceptance of the Agreement on Fisheries Subsidies by Chinese Taipei. This is a significant step forward in the fight against harmful fishing subsidies and will help to ensure the sustainability of global fisheries.”
The Agreement on Fisheries Subsidies is a landmark achievement for the WTO and for the global community. It is a testament to the power of multilateral cooperation and will help to protect our oceans and our fisheries for future generations.
Chinese Taipei formally accepts Agreement on Fisheries Subsidies, bringing tally to 90
The AI has provided us with the news.
I asked Google Gemini the following question.
WTO a new article on 2025-02-18 17:00 titled “Chinese Taipei formally accepts Agreement on Fisheries Subsidies, bringing tally to 90”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
41