Japan has dropped its opposition to curbs on fishing subsidies in the World Trade Organization. Environmental groups say this shift marks a breakthrough in current negotiations on the issue.
Japan now acknowledges that fishing subsidies deplete global fish stocks and has set out an approach for tackling them. This is an about-turn from its previous argument that excessive fishing should be dealt with through management policies.
As per the un, 75 per cent of the world's major fisheries are either depleted or are near extinction. Globally subsidies total over us $15 billion a year.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.