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WTO's new pact curbs harmful fishing subsidies to promote sustainable practices, effective today.
The World Trade Organization's (WTO) first environmental accord on fisheries subsidies has taken effect, aimed at promoting sustainable fishing practices.
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.
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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El nuevo pacto de la OMC frena las subvenciones perjudiciales a la pesca para promover prácticas sostenibles, vigente desde hoy.