1、 https:/crsreports.congress.gov September 16, 2021World Trade Organization Fisheries Subsidies NegotiationsWorld Trade Organization (WTO) members are currently negotiating a multilateral agreement to curb fisheries subsidies that lead to excess capacity, which may contribute to overfishing, as well
2、as those that support illegal, unreported and unregulated (IUU) fishing. Subsidies are defined as a financial contribution, made by a government or any public body that confers a benefit, and are generally considered to be trade distorting. They provide cost advantages to subsidized fisheries and di
3、sadvantage unsubsidized fisheries. Negotiations began in 2001 at the Doha Ministerial Conference and the mandate was renewed at the 11th Ministerial Conference in 2017, with a goal of concluding negotiations by 2020. WTO members missed that goal due to persistent disagreements on certain issues and
4、delays caused by the Coronavirus Disease 2019 pandemic. Members hope to conclude negotiations before the 12th Ministerial Conference (MC12) is set to begin on November 30, 2021. Many observers view a successful outcome of the talks, which is the only ongoing multilateral trade negotiation, as import
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