Israel Formally Accepts Agreement on Fisheries Subsidies
Geneva, 22 January 2025 – Israel has formally accepted the Agreement on Fisheries Subsidies, becoming the 30th WTO member to do so. The Agreement will enter into force 30 days after two-thirds of WTO members have formally accepted it.
The Agreement on Fisheries Subsidies is the first multilateral agreement to address fisheries subsidies. It prohibits certain types of subsidies that contribute to overfishing and overcapacity, and it disciplines other subsidies that could have negative impacts on fish stocks.
The Agreement is a significant achievement for the WTO and for the global community. It is estimated that the Agreement will reduce global fish subsidies by up to $20 billion per year, which will help to level the playing field for fishers and to promote sustainable fishing practices.
Israel’s acceptance of the Agreement is a strong signal of its commitment to sustainable fishing practices. Israel is a major fishing nation, and its acceptance of the Agreement will help to ensure that its fishing industry is operating in a sustainable manner.
The WTO welcomes Israel’s acceptance of the Agreement on Fisheries Subsidies. The Agreement is a landmark achievement for the WTO and for the global community, and it will help to promote sustainable fishing practices around the world.
Additional Information
- The Agreement on Fisheries Subsidies was negotiated over a period of 20 years.
- The Agreement was adopted by the WTO General Council on 17 June 2022.
- The Agreement will enter into force 30 days after two-thirds of WTO members have formally accepted it.
- The Agreement is expected to reduce global fish subsidies by up to $20 billion per year.
- The Agreement will help to promote sustainable fishing practices around the world.
Israel formally accepts Agreement on Fisheries Subsidies
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
WTO a new article on 2025-01-22 17:00 titled “Israel formally accepts Agreement on Fisheries Subsidies”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
28