The World Trade Organization (WTO) received support from high level officials of the Philippine government to conclude negotiations on fisheries subsidies agreement prior to the 12th WTO Ministerial Conference (MC12) in December this year.
Secretary Ramon Lopez and Agriculture Secretary William Dar attended the virtual Trade Negotiations Committee Ministerial-level Meeting on Fisheries Subsidies recently, along with over 100 ministers and heads of delegation worldwide.
“The Philippines stands together with other members who are committed to deliver an outcome in the fisheries subsidy negotiations ahead of MC12. This will only be possible if there is solid political will and diplomatic flexibility in the negotiations,” Lopez said.
The WTO through its Director-General Ngozi Okonjo-Iweala said ministers and heads of delegation have shown strong commitment to conclude the 20-year negotiations on fisheries subsidies agreement.
WTO members have been discussing how to limit public subsidies incentivizing overfishing, which threatens food security, especially for low-income coastal communities and the livelihoods of poor and vulnerable fishers.