This agreement aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing, as well as to promote the sustainable use of marine biological resources.
The protocol, which was adopted at the 12th Ministerial Conference of the WTO in Geneva in June 2022, became the first multilateral WTO agreement dedicated exclusively to issues of fisheries and environmental protection.
It introduces a ban on subsidies for illegal, unreported, and unregulated fishing, as well as on support for overfishing in unregulated waters and in areas with depleted stocks.
In addition, the agreement includes special provisions for developing countries, which foresee transitional periods and technical assistance.
