Current Affairs - International - Discussion

Nicaragua became the 101st member of the World Trade Organization (WTO) to accept the Agreement on Fisheries Subsidies on June 2, 2025. This agreement aims to combat harmful fishing practices such as illegal, unreported, and unregulated (IUU) fishing by banning subsidies that contribute to overfishing and environmental damage. Nicaragua’s acceptance brings the total number of acceptances closer to the required 111 for the agreement to enter into force, marking a crucial milestone in global marine conservation and sustainable fisheries management efforts.