Source: SeafoodSource
The deadline for a World Trade Organization (WTO) deal on fishing subsidies was recently extended due to coronavirus-related travel restrictions that impeded negotiations. However, delegates have been mulling an Indian proposal that would grant developing countries the right to subsidize their fleets, with the definition of “developing country” based on average per capita gross national income and their take of the global wild catch. Under the provision, China, the European Union, South Korea, and Taiwan would be forced to stop subsidizing their distant-water fleets, while many smaller developing countries – many of them hosts to Chinese fishing bases – would be allowed to continue subsidies.
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