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India Formalizes Commitment to WTO Agreement on Fisheries Subsidies

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India has officially deposited its instrument of acceptance for the WTO Agreement on Fisheries Subsidies, marking a significant milestone in global marine sustainability and multilateral trade cooperation.

In a significant development for global trade and environmental governance, India has formally deposited its instrument of acceptance for the WTO Agreement on Fisheries Subsidies. This action, highlighted during India’s 8th Trade Policy Review, underscores the nation's commitment to the multilateral trading system and its proactive role in addressing the global crisis of overfishing and illegal, unreported, and unregulated (IUU) fishing. The WTO Agreement on Fisheries Subsidies, adopted at the 12th Ministerial Conference, is a landmark treaty aimed at curbing harmful subsidies that contribute to the depletion of marine resources. By depositing the instrument of acceptance, India aligns itself with international efforts to ensure that marine governance is sustainable, protecting the livelihoods of millions of small-scale fishers while preventing the collapse of global fish stocks. The European Union, during the Trade Policy Review, specifically acknowledged this move as a positive step toward strengthening the rules-based global order.

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