Nigeria Accepts WTO Fisheries Deal
Nigeria formally adopted the Agreement on Fisheries Subsidies, making it the ninth World Trade Organization member to accept the deal, the WTO announced. A two-thirds majority is needed for the fisheries deal to officially come into effect.
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"I am proud to see the country's continued commitment to sustainable development and its vote of confidence in the work of the WTO," WTO Director-General Ngozi Okonjo-Iweala said. "Nigeria's acceptance adds to our growing tally of members that have accepted the Agreement -- we have received about one-third of the total that we need for the Agreement to enter into force. I hope that Nigeria's action serves as an inspiration to other governments in Africa and the rest of the world to move swiftly to implement the Agreement and foster global cooperation for the benefit of our shared future."