Food and Agriculture Organization of the United Nations (FAO) has praised the implementation of the World Trade Organization’s (WTO) Agreement on Fisheries Subsidies, describing it as a significant step toward safeguarding global marine resources. This agreement aims to eliminate harmful subsidies that contribute to overfishing and illegal, unregulated, and unreported (IUU) fishing, while promoting the long-term sustainability of fisheries.
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“This agreement is very positive for the sustainability of fisheries resources, which we all depend on. FAO looks forward to helping implement the agreement and achieve its potential,” said Manuel Barange, FAO Assistant Director-General and head of its Fisheries and Aquaculture Division. He stressed that fisheries are critical for food, nutrition and livelihoods, and warned that subsidizing damaging practices jeopardizes the future of the sector.