HomeNewsOpinionFishing Woes | Can WTO Ministerial Conference deliver an equitable outcome?

Fishing Woes | Can WTO Ministerial Conference deliver an equitable outcome?

A balanced agreement that takes into account the genuine concerns of members like India and others will go a long way in demonstrating that the WTO is not a cosy club run by select rich countries 

June 15, 2022 / 14:01 IST
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Fisherman in India (Representative image)
Fisherman in India (Representative image)

The clash of intra-generational and inter-generational equity is fast becoming a defining feature of modern policy-making. Should the concerns of future sustainability override the misery of today’s poverty? The Geneva-based World Trade Organization (WTO) is grappling to find the balance, having failed to negotiate an agreement of fisheries which first came up for consideration in the Doha ministerial event in 2001.

In two decades since Doha, the WTO has not been able to address harmful fishing subsidies in three pillars — illegal, unreported and unregulated (IUU) fishing, overfished stocks (OF), and overcapacity and overfishing (OCOF). Each of this is a significant problem for marine biodiversity, with industrial fishing bringing several species perilously close to extinction.

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The Sustainable Development Goal 14.6 coined by the United Nations envisaged the WTO acting on harmful fishing subsidies by 2020. The WTO Ministerial Conference 12 (MC-12) will soon be taking up a proposal towards an agreement in Geneva. Attempts have been made to seal an agreement in the past ministerial meetings in Hong Kong (2005), Geneva (2011), Nairobi (2015), and Buenos Aires (2017), all resulting in deadlocks.

The MC-12, which takes place between June 12 and 15 in Geneva, offers a concrete opportunity to the WTO to reclaim its international relevance in this key area of global climate action. The future of the global fishing stock, and indeed the fishing industry is at stake. However, an agreement can only be reached if the WTO membership undertakes genuine introspection.