Categories: Economy

India backs developing countries at WTO talks on cut in subsidies to fisheries

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India made out a strong case at the WTO ministerial conference on Thursday for the advanced countries to take greater responsibility to reduce the huge subsidies that they are giving to expand their fishing capacities as this has resulted in “overfishing” and a dramatic depletion in the world’s fish stock.</p>
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Commerce and Industry Minister Piyush Goyal spoke strongly for the rights of developing countries at the Ministerial meeting of the WTO on the crucial fisheries subsidy negotiations.</p>
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The Indian minister pointed out that the per capita fisheries subsidy given by most developing countries is minuscule compared to advanced fishing nations.</p>
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Goyal stated that India is very keen to finalize the agreement because irrational subsidies and overfishing by many countries is hurting Indian fishermen and their livelihood.</p>
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<strong>Also read:</strong>  <a href="https://www.indianarrative.com/economy-news/piyush-slams-big-pharma-eu-for-blocking-move-on-vaccine-patent-waiver-at-wto-99230.html">Piyush slams Big Pharma, EU for blocking move on vaccine patent waiver at WTO</a></p>
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He clearly demanded that countries like India who are yet to develop fishing capacities, cannot sacrifice their future ambitions. Allowing advanced nations to continue grant of subsidies is unequal, unfair and unjust, he said.</p>
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Goyal observed that any agreement must recognize that different countries are at different stages of development and that current fishing arrangements reflect their current economic capacities. The agreement has to provide for current and future needs. </p>
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He said that limiting Special & Differential Treatment (S&DT) to poor and artisanal fishermen only is neither appropriate nor affordable, and is not acceptable. S&DT is required to not only protect livelihoods of poor fishermen but also to address food security concerns, have necessary policy space for developing the fisheries sector and the need for a longer time period for any transition.</p>
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<strong>Also read:</strong>  <a href="https://www.indianarrative.com/latest-news/modi-seeks-waiver-of-vaccine-patents-at-g-summit-94858.html">Modi seeks waiver of vaccine patents at G7 summit</a></p>
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Highlighting that protection of environment is ingrained in the Indian ethos for ages and has been repeatedly stated by our Prime Minister, Goyal said that India is committed to conclude the negotiations, as long as it provides for balancing current and future fishing needs, preserving space for equitable growth in fishing capacities in future, and an effective S&DT without any imbalances.</p>
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He expressed his disappointment that the WTO Membership is still short of finding the right balance and fairness in the agreement. The minister also emphasized Prime Minister Modi’s thrust to promote fishing sector and protect small fishermen.</p>
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Goyal cautioned that we should not repeat the mistakes made during the Uruguay Round three decades ago that allowed unequal and trade-distorting entitlements for select developed country Members, particularly in agriculture.</p>
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These unfairly constrained less developed members who did not have the capacity and resources to support their industry or farmers then. Shri Goyal expressed concern that any unbalanced or unequal agreement now would bind us into current fishing arrangements, which may not meet future requirements.</p>
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The WTO Director-General Ngozi Okonjo-Iweala said the ministerial meeting should take on the path towards agreement, before a November session planned to seal the deal.</p>

IN Bureau

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