Iceland Donates an Additional CHF 200,000 to WTO Fish Fund
Geneva, 24 January 2025 – Iceland has donated an additional CHF 200,000 to the WTO Fish Fund, bringing its total contribution to CHF 400,000. The donation will help the fund continue its work to improve the implementation of fisheries subsidies disciplines in developing countries.
The WTO Fish Fund was established in 2022 to help developing countries implement the new fisheries subsidies disciplines agreed by WTO members in 2022. The disciplines aim to eliminate harmful fisheries subsidies that contribute to overfishing and overcapacity, while allowing for subsidies that support sustainable fishing practices.
The fund provides financial and technical assistance to developing countries to help them build the capacity to implement the disciplines, including through workshops, training, and the provision of technical experts. The fund is also used to support research on fisheries subsidies and related issues.
Iceland has been a strong supporter of the WTO Fish Fund since its inception. The country’s Minister of Fisheries and Agriculture, Svandís Svavarsdóttir, said that Iceland’s donation “reflects our commitment to promoting sustainable fishing practices and supporting the implementation of the fisheries subsidies disciplines in developing countries.”
WTO Director-General Ngozi Okonjo-Iweala thanked Iceland for its generous donation. She said that the fund is “playing a vital role in helping developing countries implement the fisheries subsidies disciplines and promote sustainable fishing practices.”
The WTO Fish Fund is open to contributions from all WTO members. Interested members can contact the WTO Secretariat for more information.
Iceland donates an additional CHF 200,000 to WTO Fish Fund
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