India all but sinks WTO sustainable fishing deal

Negotiations have been going on at the World Trade Organization for more than 20 years towards banning fishing subsidies.GENEVE - India all but sank the WTO's bid to net a long-sought deal on curbing harmful fishing subsidies, insisting it would not sign up without a 25-year exemption.

But India stuck to its demand for a quarter of a century in which to adapt to the proposals on subsidies -- a position many others are at odds with. But some emerging from the negotiating rooms are pointing the finger at Indian intransigence on not just fisheries but on every topic being thrashed out at the WTO's lakeside headquarters.

Fishing subsidies is the flagship deal that the WTO's leader Ngozi Okonjo-Iweala was hoping to get passed at the global trade body's first ministerial conference in nearly five years. EU trade commissioner Valdis Dombrovskis said that some countries were taking"very strong positions, very far-reaching demands".

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WTO trade talks stretch into final day with some deals in sightHope and much frustration after all-night talks at global trade watchdog’s headquarters in Geneva
Source: BDliveSA - 🏆 12. / 63 Read more »

WTO trade talks stretch into final day with some deals in sightHope and much frustration after all-night talks at global trade watchdog’s headquarters in Geneva
Source: BDliveSA - 🏆 12. / 63 Read more »

WTO agrees fishing, food and COVID vaccine dealsThe talks began Sunday and were due to wrap up on Wednesday - but instead went straight through two nights and on into Friday. What the hell is a Covid deal? There can be no deliverable except virtually useless ampoules & masks. Even the High Priest of Lockdown, masking, vaccination & lying has now contracted Covid despite double Vax + 2 boosters. The whole thing is now over & Vax is pointless.
Source: ewnupdates - 🏆 30. / 53 Read more »

WTO deals still within sight after all-night arm-twistingCountries were still negotiating on deadline day Thursday after frantically haggling through the night at the WTO in a bid to salvage deals on food security, fishing and combating Covid-19.
Source: eNCA - 🏆 49. / 51 Read more »

India to impose ceiling on sugar exportsThe curbs by the world’s biggest sugar producer could could boost benchmark white sugar prices, which are already trading near five-year highs Do people still eat sugar?
Source: BDliveSA - 🏆 12. / 63 Read more »

No need for panic‚ says SA skipper Bavuma after loss to IndiaTemba Bavuma says team will work on deficiencies ahead of the next T20 match in India
Source: BDliveSA - 🏆 12. / 63 Read more »