NEW DELHI: India has pitched at the WTO for stricter regulations on subsidies granted by countries that are engaged in high seas fishing activities, an official said.
Highlighting the stark disparity, an Indian document submitted at the World Trade Organization (WTO) has noted that it provides a modest $35 per fisher annually, compared to subsidies as high as $76,000 per fisher per year in some European nations.
India also suggested that historical subsidisers should seek permission of the Committee on Fisheries Subsidies for grant of subsidies in future.
The country has made these remarks in the meetings of the Negotiating Group on Rules (Fisheries subsidies), which are going on in Geneva. "India has pitched for strong disciplines for historical fisheries subsidisers which are engaged in distant water fishing (200 nautical miles from sea shore) and has asked for a moratorium on subsidies at the present level for 25 years," the official said.
This story is from the December 16, 2024 edition of Millennium Post Delhi.
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This story is from the December 16, 2024 edition of Millennium Post Delhi.
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