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flag WTO's new pact curbs harmful fishing subsidies to promote sustainable practices, effective today.

flag The World Trade Organization's (WTO) first environmental accord on fisheries subsidies has taken effect, aimed at promoting sustainable fishing practices. flag Agreed by over 100 members including the US, EU, and China, the pact bans subsidies for illegal and overexploited fishing, mandates notifications of subsidies, and supports developing nations. flag Ratified by two-thirds of members, it could be terminated if a second agreement on overcapacity isn't adopted within four years.

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