LDCs To Demand Continuation Of Fisheries Subsidies



Refayet Ullah Mirdha | The Daily Star

Bangladesh has joined other least-developed countries (LDCs) to demand the continuation of partial fisheries subsidies as nations are set to agree to new rules for the industry and limit state support contributing to unsustainable fishing and the depletion of global fish stocks.

Talks on the fisheries subsidies at the World Trade Organisation (WTO) have remained stalled since 2001 for the overfishing and overcapacity by a number of countries.

Fisheries subsidies need to be continued for the LDCs at least for capacity-building, technology upgrade, purchase of ships, training, and developing human resources, as the fisheries sector has become a major source of jobs and economic development, said Hafizur Rahman, director-general of the WTO Cell under the commerce ministry.

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