This week, ministers from all 164 member countries of the World Trade Organization (WTO) failed once again to curb harmful fisheries subsidies that lead to overfishing at the 12th Ministerial Conference in Geneva, Switzerland. While Oceana says that eliminating harmful subsidies is the greatest single action that can be taken to protect the world’s oceans, the WTO has continually failed to reach a meaningful agreement since initially taking up the issue at the 2001 Doha Ministerial Conference. Since then, governments have spent over USD $400 billion globally on harmful fisheries subsidies, according to Oceana estimates.
WTO Members Fail Again to Stop Subsidized Overfishing
Date: June 17, 2022