FDBusiness.com

The EU Proposes to Curb Subsidies Causing Overfishing in WTO Countries

 Breaking News
  • Canadian Dairy Giant to Acquire Dairy Crest For £975 Million Canada-based Saputo Group, which is one of the top ten dairy processors in the world, has made a recommended all cash offer of £975 million to acquire Dairy Crest, the UK dairy business. The acquisition will allow Saputo Group to increase its international presence and enter the UK market by acquiring and investing in a [...]...
  • Danone Continues to Make Progress Towards its 2020 Objectives Danone has reported a 0.7% decline in revenue to €24.66 billion with operating income down 26.5% to €2.74 billion for 2018. However, on a ‘like-for-like New Danone’ basis consolidated sales rose by 2.9% with a 3.6% growth in value, led by a continued mix and portfolio valorization, largely offsetting a 0.7% decline in volumes. All [...]...
  • European Commission Clears Acquisition of Gleadell by ADM The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Gleadell Agriculture by ADM Arkady, both based in the UK. Gleadell is a supplier and exporter of various grain and oilseed products. ADM is part of the Archer Daniels Midland group of companies and is a processor of a [...]...
  • Arla Foods Delivers Turn-around After Tough Start to 2018 After a difficult first quarter, Arla Foods came out of 2018 with improved sales and brand share as the international dairy co-operative’s performance grew stronger throughout the year. The transformation programme Calcium delivered cost-savings far beyond targets for the year and thanks to a historically strong balance sheet the board of directors has proposed to [...]...
  • British Gin Boosted by Exports The latest figures from HM Revenue and Customs show that British gin sales abroad, in 2018, were worth £612 million – up 15% on the previous year. In 2016 export sales of the juniper-based spirit broke the half a billion-pound mark for the first time and since then the popularity of British gin has seen [...]...

The EU Proposes to Curb Subsidies Causing Overfishing in WTO Countries

The EU Proposes to Curb Subsidies Causing Overfishing in WTO Countries
October 20
10:47 2016

The EU is proposing to restart talks on an international WTO agreement on fisheries subsidies to combat the further depletion of the world’s fish stocks and the devastation of natural habitats. Many countries the world over subsidise their fishing activity in ways that contribute to overfishing. While curbing harmful subsidies, the EU proposal foresees exceptions for developing countries, and takes account of the needs of local fishing communities in least developed and developing countries.

Commissioner for Trade Cecilia Malmström and Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella wrote in a blog post: “A broad, multilateral agreement on harmful fishing subsidies will be key to safeguarding the world’s fisheries. We call upon other members of the WTO to join us in addressing this massive global challenge together, and to implement the commitments we made in the UN Sustainable Development Goals. Negotiations should start immediately, in order to reach an agreement at the next WTO Ministerial Conference in December of next year.”

The proposal from the Commission has now been given the green light of the EU Member States, for presentation to all WTO members. The proposal addresses two forms of harmful subsidies, namely those that directly increase the capacity of fleets to catch fish and those that contribute to illegal, unregulated or unreported fishing. While the rapidly growing capacity of industrial fleets needs to be addressed, subsistence fishing needs to be protected. The EU proposal is in line with commitments made in the UN Sustainable development goals to prohibit certain forms of fisheries subsidies through the WTO by 2020. The EU is also acting at home, through its new common fisheries policy, which will ensure that all EU fish stocks are fished at a sustainable level by 2020 at the latest.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements