Iceland Becomes 6th Country to Adopt WTO Fisheries Deal
Iceland is the sixth World Trade Organization member to accept the Agreement on Fisheries Subsidies, which needs acceptance from two-thirds of WTO members to come into effect. Iceland also agreed to donate over $562,000 to the WTO Fisheries Funding Mechanism,…
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which provides technical assistance and capacity building to aid developing nations implement the agreement, the WTO said May 10. "Iceland has offered the world important lessons in sustainable fish stock management through successful policy reform, making their early support for the agreement and the funding mechanism especially valuable," WTO Director-General Ngozi Okonjo-Iweala said.