PH to push restraint on fisheries subsidies
The Philippines maintains its position on the pending World Trade Organization (WTO) agreement to push for the prohibition of certain forms of fisheries subsidies.
This is according to Philippine Ambassador to the World Trade Organization (WTO) Manuel Antonio Teehankee, who paid a courtesy visit to Agriculture Secretary William Dar on Wednesday.
The negotiation rules on fisheries subsidies will be discussed during the 12th Ministerial Conference on June 8 to 11 2020 in Kazakhstan wherein the Department of Agriculture (DA) will be part of negotiating committees to deliver a multilateral agreement on the issue.
Teehankee sais the Philippines will support WTO rules or disciplines governing fisheries subsidies consistent with the United Nations Leaders’ Mandate in Sustainable Development Goal (SDG) Target 14.6.
This refers to the prohibition on certain forms of fisheries subsidies that contribute to overcapacity and overfishing, and eliminating subsidies that contribute to Illegal, Unreported and Unregulated (IUU) fishing and refraining from introducing new such subsidies by 2020.