WTO fails to agree rules to stop overfishing: sources

By Emma Farge GENEVA (Reuters) - World Trade Organization negotiators have failed to reach a deal by a year-end deadline to cut subsidies that lead to overfishing, the chairman of the talks told delegates at a closed-door meeting on Monday. Colombia's Santiago Wills said it had been impossible to reach the U.N. target due to time lost due to the coronavirus pandemic, two sources at the meeting told Reuters

Reuters December 15, 2020 00:05:59 IST
WTO fails to agree rules to stop overfishing: sources

WTO fails to agree rules to stop overfishing sources

By Emma Farge

GENEVA (Reuters) - World Trade Organization negotiators have failed to reach a deal by a year-end deadline to cut subsidies that lead to overfishing, the chairman of the talks told delegates at a closed-door meeting on Monday.

Colombia's Santiago Wills said it had been impossible to reach the U.N. target due to time lost due to the coronavirus pandemic, two sources at the meeting told Reuters. However, Wills said that a deal had been closer than ever, and that the "tremendous" progress gave him confidence in a future deal.

World leaders committed in 2015 to a series of U.N. targets and one of them mandates the Geneva-based trade watchdog to strike a deal on ending government subsidies worth billions of dollars that contribute to over-fishing by 2020.

China, the European Union, the United States, South Korea and Japan are among the main subsidisers.

The failure is a significant blow to the world's fish stocks, since environmentalists say an ambitious deal could reverse a steep decline, and to the WTO, which faces questions about its ability to strike multilateral agreements.

"It is disappointing," said Remi Parmentier, strategic adviser for Friends of Ocean Action, who has been an environmental advocate at the WTO for two decades.

"They have had 20 years to fix it and on certain issues they are still almost at square one."

The U.N. food agency has said that nearly 90% of marine fish stocks are fully exploited, overexploited or depleted. U.N. Secretary General Antonio Guterres and Britain's Prince Charles have both urged action at the WTO.

The Pew Charitable Trusts estimates that an ambitious deal could lead to a 12.5% increase in global fish biomass by 2050, based on a model it shared with negotiators.

"If countries reach an agreement on harmful fishing subsidies that keeps loopholes to a minimum, they will achieve a conservation victory that could have a long-lasting, positive impact on our global ocean," said Isabel Jarrett, manager of Pew's project to end harmful fishing subsidies.

"OH, DEAR FISH"

Delegates praised bridge-building efforts by Wills, who had shown his commitment to the talks in an unexpected way by tweeting a Valentine's poem to the world's fish: "Oh dear fish/Protect you we must;/In the @WTO/You can trust..."

Negotiators had been working on a confidential draft text for months but a November copy seen by Reuters still contained dozens of areas of disagreement.

A major area of contention has been a section outlining carve-outs from the rules for developing countries, submitted by India. One delegate from a wealthy country said these were so broad as to render the agreement meaningless.

Since China is the biggest subsidiser and has in the past resisted pressure to curb its fleets, the talks' success is seen as hinging partly on Beijing's willingness to make concessions.

Some expressed frustration at China's opposition to a provision targeting exploitation of the high seas by industrial fishing fleets.

China's ambassador said in September that such a prohibition "would go beyond our mandate". But Beijing has said it is willing to "fully engage" and a spokeswoman in Geneva declined to spell out its current position.

The absence of a WTO director-general also played a part the talks' failure, since he or she would ordinarily be able to help clinch a deal, Wills said.

Brazil's Roberto Azevedo stepped down early in August and a candidate selected by a WTO panel to replace him was blocked by Washington.

Future progress on fisheries may depend on whether a two-yearly meeting of trade ministers, scheduled for last June in Kazakhstan but cancelled due to COVID-19 , can be resurrected.

(Reporting by Emma Farge; Editing by Kevin Liffey)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Trump disavows any responsibility for his supporters' Jan. 6 attack
World

Trump disavows any responsibility for his supporters' Jan. 6 attack

By Steve Holland and Andrea Shalal JOINT BASE ANDREWS, Md./WASHINGTON (Reuters) - U.S. President Donald Trump, facing impeachment on a charge of "incitement of insurrection" on Tuesday disavowed responsibility for his supporters' violent invasion of the U.S. Capitol last week and said his remarks before the siege were appropriate.

Renault and Plug Power to develop fuel-cell commerical vehicles
News & Analysis

Renault and Plug Power to develop fuel-cell commerical vehicles

PARIS (Reuters) - French carmaker Renault and U.S. hydrogen specialist Plug Power have joined forces to develop hydrogen-powered light commercial vehicles, they said on Tuesday. The companies have signed a memorandum of understanding to launch a France-based 50-50 joint venture by the end of the first half of 2021, targeting more than 30% share of the fuel cell-powered light commercial vehicle market in Europe, their joint statement said

Analysis: Tesla's Model Y to emerge disruptor as China EV sales zoom in 2021
News & Analysis

Analysis: Tesla's Model Y to emerge disruptor as China EV sales zoom in 2021

By Yilei Sun and Brenda Goh BEIJING/SHANGHAI (Reuters) - New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla's Model Y pricing will emerge as a major disruptor in the world's biggest car market. Tesla Inc, which became the world's most valuable car maker last year, started selling locally made Model Y SUVs in China this month, for almost a tenth less than gasoline-powered luxury cars with similar market positioning. It set the starting price at 339,900 yuan ($52,376), or 10% below official prices of Daimler's Mercedes GLC, BMW's X3 and Audi's Q5L - all locally made gasoline sport utility vehicles (SUVs) with similar size and positioning.