Negotiating Group on Rules - Fisheries Subsidies - Communication from Argentina, Chile, Ecuador, New Zealand, Philippines, Peru
- Argentina; Chile; Ecuador; New Zealand; Philippines; Peru
- 2007/10/23
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World Trade
Organization TN/RL/W/166
2 November 2004 (04-4647) Negotiating Group on Rules Original: English
FISHERIES SUBSIDIES
Communication from Argentina, Chile, Ecuador, New Zealand, Philippines, Peru
The following submission, dated 1 November 2004, is being circulated at the request of the Delegations of Argentina, Chile, Ecuador, New Zealand, Philippines, and Peru.
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The Doha ministerial declaration calling for improved WTO disciplines on fisheries subsidies reflects Members’ concerns about the potentially harmful trade, developmental, and environmental effects of subsidies to the fisheries sector. In a world where 75 per cent of fish stocks are estimated to be overexploited, fully exploited, or significantly depleted, fisheries subsidies constitute 20-25 per cent of industry revenues. While a number of factors contribute to the depletion of the world’s fish stocks, harmful fisheries subsidies are one important factor within