Zürcher Nachrichten - India all but sinks WTO sustainable fishing deal

EUR -
AED 4.268807
AFN 76.128995
ALL 96.365789
AMD 443.574615
ANG 2.080444
AOA 1065.758721
ARS 1673.674315
AUD 1.751247
AWG 2.093455
AZN 1.972883
BAM 1.953571
BBD 2.342397
BDT 142.125365
BGN 1.953867
BHD 0.438096
BIF 3447.155519
BMD 1.162224
BND 1.50804
BOB 8.053809
BRL 6.329004
BSD 1.163058
BTN 104.580656
BWP 15.500911
BYN 3.362276
BYR 22779.584681
BZD 2.339131
CAD 1.610773
CDF 2591.758996
CHF 0.937275
CLF 0.027439
CLP 1076.428062
CNY 8.209485
CNH 8.207827
COP 4490.832409
CRC 568.651074
CUC 1.162224
CUP 30.798928
CVE 110.701528
CZK 24.266773
DJF 206.550565
DKK 7.468563
DOP 74.672518
DZD 151.21888
EGP 55.26234
ERN 17.433356
ETB 180.115634
FJD 2.65686
FKP 0.872594
GBP 0.87405
GEL 3.132216
GGP 0.872594
GHS 13.307695
GIP 0.872594
GMD 85.426305
GNF 10097.973317
GTQ 8.90868
GYD 243.282374
HKD 9.044628
HNL 30.532036
HRK 7.533302
HTG 152.312255
HUF 383.891793
IDR 19381.242558
ILS 3.747114
IMP 0.872594
INR 104.480831
IQD 1522.513058
IRR 48958.674107
ISK 148.799483
JEP 0.872594
JMD 186.095232
JOD 0.824019
JPY 182.33256
KES 150.217799
KGS 101.63645
KHR 4655.867651
KMF 492.782924
KPW 1045.997356
KRW 1708.805587
KWD 0.357
KYD 0.969169
KZT 599.785544
LAK 25202.821168
LBP 104077.132901
LKR 358.964185
LRD 205.568257
LSL 19.79245
LTL 3.431744
LVL 0.703018
LYD 6.322329
MAD 10.765097
MDL 19.747955
MGA 5218.384373
MKD 61.544932
MMK 2440.722983
MNT 4122.735213
MOP 9.321682
MRU 46.256927
MUR 53.602018
MVR 17.910378
MWK 2018.202256
MXN 21.148561
MYR 4.782539
MZN 74.265849
NAD 19.793027
NGN 1686.689157
NIO 42.734634
NOK 11.81537
NPR 167.324735
NZD 2.011652
OMR 0.446874
PAB 1.163073
PEN 3.90859
PGK 4.937013
PHP 68.946578
PKR 326.11503
PLN 4.230285
PYG 8132.509524
QAR 4.231668
RON 5.089956
RSD 117.44257
RUB 89.720551
RWF 1687.548824
SAR 4.361312
SBD 9.557922
SCR 16.780765
SDG 699.067862
SEK 10.88745
SGD 1.507979
SHP 0.871969
SLE 27.783516
SLL 24371.247887
SOS 664.205188
SRD 44.885661
STD 24055.68424
STN 24.871587
SVC 10.176212
SYP 12850.659963
SZL 20.001629
THB 37.027262
TJS 10.71737
TMT 4.067783
TND 3.405898
TOP 2.798356
TRY 49.492944
TTD 7.877011
TWD 36.198045
TZS 2847.448133
UAH 49.096939
UGX 4120.244934
USD 1.162224
UYU 45.447355
UZS 13953.658028
VES 299.396029
VND 30650.744745
VUV 141.377858
WST 3.237383
XAF 655.209297
XAG 0.019275
XAU 0.000277
XCD 3.140968
XCG 2.096108
XDR 0.814073
XOF 653.169487
XPF 119.331742
YER 277.248134
ZAR 19.821491
ZMK 10461.401466
ZMW 26.895308
ZWL 374.23556
  • RBGPF

    0.7600

    79.11

    +0.96%

  • CMSC

    -0.0050

    23.215

    -0.02%

  • NGG

    -0.3900

    74.94

    -0.52%

  • RIO

    1.4200

    74.44

    +1.91%

  • GSK

    -0.8550

    47.615

    -1.8%

  • SCS

    0.0300

    16.15

    +0.19%

  • BTI

    -0.1900

    57.22

    -0.33%

  • CMSD

    0.0800

    23.25

    +0.34%

  • BP

    -0.1850

    35.595

    -0.52%

  • RYCEF

    -0.0500

    14.75

    -0.34%

  • AZN

    -1.1650

    90.115

    -1.29%

  • RELX

    0.0250

    39.505

    +0.06%

  • VOD

    -0.0250

    12.475

    -0.2%

  • BCC

    -0.0400

    71.77

    -0.06%

  • JRI

    -0.0030

    13.717

    -0.02%

  • BCE

    -0.1750

    23.165

    -0.76%

India all but sinks WTO sustainable fishing deal
India all but sinks WTO sustainable fishing deal / Photo: JEAN-SEBASTIEN EVRARD - AFP/File

India all but sinks WTO sustainable fishing deal

India all but sunk the WTO's bid to net a long-sought deal on curbing harmful fishing subsidies when it insisted Tuesday it would only sign up if it is given a 25-year exemption from the restrictions.

Text size:

Negotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks have been going on at the World Trade Organization for more than two decades.

The global trade body only takes decisions by consensus and it was thought that members were tantalisingly close to sealing a deal at their four-day conference of trade ministers which winds up on Wednesday.

But India insisted on carving out a quarter of a century in which to adapt to the proposals on subsidies.

"The transition period of 25 years sought by India is not intended as a permanent carve-out. It is a must-have for us and for other similarly placed non-distant water fishing countries," Commerce and Industry Minister Piyush Goyal said in a statement.

"We feel that without agreeing to the 25-year transition period, it will be impossible for us to finalise the negotiations, as policy space is essential for the long-term sustainable growth and prosperity of our low-income fishermen."

The conference mood darkened earlier Tuesday with several diplomats pointing the finger at Indian intransigence on not just fisheries but on every topic being thrashed out at the WTO's lakeside headquarters.

The WTO conference is trying to strike deals on e-commerce, agriculture, food security, Covid-19 vaccine patents and WTO reform.

"India is being obstructive across the piece, whether it be on e-commerce, fisheries, agriculture," said one Geneva-based diplomat.

"In no negotiation are they playing a constructive part."

Goyal said the concerns of a small number of fishermen were prevailing over the lives of nine million fishermen in India.

"This is completely unacceptable! And that is the reason India is opposed to the current text," he said.

Fishing subsidies is the flagship deal that the WTO's leader Ngozi Okonjo-Iweala was hoping to get passed at the global trade body's first ministerial conference in nearly five years, being held in Geneva this week.

The Nigerian former finance minister, who took office in March 2021, has staked her leadership on banging heads together and getting deals over the line, breathing new life into the organisation by proving it has a role to play in tackling big global challenges.

On fisheries, special treatment for the poorest countries is widely accepted, but some self-identified developing countries are demanding exemption from subsidy constraints, including large fishing nations like India -- and the idea has met resistance from others.

EU trade commissioner Valdis Dombrovskis earlier urged the assembled ministers to embrace compromise amid the hectic negotiations.

On fisheries, "there are countries taking very strong positions, very far-reaching demands, which in a sense weakens the purpose of this agreement which is to ensure the sustainability of fish stocks and ensure that the way fishing is subsidised does not contribute to unsustainable fishing practices", he told reporters.

Okonjo-Iweala, who turned 68 on Monday, hoped that a couple of the topics being negotiated in Geneva would reach a conclusion.

"My own dream for my birthday is to get a successful ministerial," she said.

"One or two packages passed... I think that would do."

Remi Parmentier, who heads the Varda Group which advises on environmental issues, said on Twitter: "If India is so unhappy at the World Trade Organization, maybe they should just suspend their membership, and let the rest of the members get on."

L.Muratori--NZN