Current Affairs - International - Discussion

India’s proactive role in proposing regulations on fisheries subsidies at the World Trade Organization (WTO). This initiative has garnered support from several developing nations and least developed countries (LDCs), as it aims to address issues like overcapacity and overfishing. The focus is on promoting sustainable fishing practices through the second phase of the Fisheries Subsidies Agreement (FSA), with special considerations for developing nations and LDCs under transitional provisions. This reflects India’s commitment to responsible global fishing practices and ecological sustainability.