Negotiating Group on Rules - Fisheries Subsidies: Limitations of Existing Subsidy Disciplines - Submission from New Zealand

World Trade Organization TN/RL/W/12 4 July 2002 (02-3743) Negotiating Group on Rules Original: English Fisheries subsidies: limitations of existing subsidy disciplines Submission from New Zealand PURPOSE 1. A recent submission (TN/RL/W/3) by eight delegations commented (paragraph 16) that there may arise significant practical problems in applying existing SCM rules to fisheries sector subsidies. The submission commented that, in particular, the heterogeneous nature of fisheries products and the economic structure of the fisheries industry made it more difficult to identify the sort of market distortions at which SCM disciplines are directed. During the discussion in the rules negotiating group on 6 May several delegations sought further elaboration of this point. This paper responds to those requests. SIGNIFICANCE OF THE GLOBAL STRUCTURE OF THE INDUSTRY 2. The point being made in relation to the “global structure” of the fishing industry is