Chinese Taipei Formally Accepts Agreement on Fisheries Subsidies, Bringing Tally to 90
Geneva, 18 February 2025 – Chinese Taipei has formally accepted the WTO Agreement on Fisheries Subsidies, becoming the 90th WTO member to do so. The Agreement entered into force on 23 June 2023, and requires members to notify the WTO of any fisheries subsidies they provide.
The Agreement is the first multilateral agreement to address fisheries subsidies, which can contribute to overfishing and depletion of fish stocks. The Agreement prohibits certain harmful subsidies, such as subsidies that support illegal, unreported and unregulated (IUU) fishing, and subsidies that contribute to overcapacity and overfishing.
The Agreement also includes provisions to promote transparency and cooperation on fisheries subsidies. Members are required to notify the WTO of any fisheries subsidies they provide, and to work together to reduce subsidies that contribute to overfishing and depletion of fish stocks.
WTO Director-General Ngozi Okonjo-Iweala welcomed Chinese Taipei’s acceptance of the Agreement on Fisheries Subsidies. “This is a significant step forward in our efforts to promote sustainable fisheries and protect the marine environment,” she said. “I urge all WTO members to accept the Agreement and to implement its provisions.”
The Agreement on Fisheries Subsidies is a key part of the WTO’s efforts to promote sustainable development. The Agreement is expected to help to reduce overfishing and depletion of fish stocks, and to promote a more level playing field for fishers around the world.
Additional information
- The Agreement on Fisheries Subsidies was adopted by the WTO Ministerial Conference in Marrakesh, Morocco, on 15 June 2022.
- The Agreement entered into force on 23 June 2023, after it was accepted by two-thirds of the WTO membership.
- The Agreement is the first multilateral agreement to address fisheries subsidies.
- The Agreement prohibits certain harmful subsidies, such as subsidies that support IUU fishing, and subsidies that contribute to overcapacity and overfishing.
- The Agreement also includes provisions to promote transparency and cooperation on fisheries subsidies.
Chinese Taipei formally accepts Agreement on Fisheries Subsidies, bringing tally to 90
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