"Talks aimed at curbing harmful subsidies for fisheries concluded in Geneva in the first multilateral trade agreement the World Trade Organization (WTO) has struck in almost a decade. The body’s Twelfth Ministerial Conference (MC12) was scheduled for June 12–15, but overtime negotiations didn’t conclude until early June 17.
It is the first time WTO members have ever concluded a deal “with environmental sustainability at its heart,” WTO director general Ngozi Okonjo-Iweala said in her closing speech.
The fisheries agreement is a global solution that “will help ensure ocean resources are used in a sustainable way that drives economic growth and development while maintaining a healthy ocean for the benefit of biodiversity, nature, and people,” Dona Bertarelli, special adviser for the blue economy with the U.N. Conference on Trade and Development, told Mongabay."
