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WTO Members Take to Draft Text on Subsidies Leading to Overfishing

The draft text for curbing subsidies leading to overcapacity and overfishing released earlier in September received "broad support" from World Trade Organization members as the starting point for text-based negotiations, Iceland's Einar Gunnarsson, chair of the fisheries subsidies talks, reported,…

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the WTO said. Noting the text's warm reception at the fifth "Fish Week" talks, held on Sept. 18-22, Gunnarsson said the next Fish Week will be dedicated to a "collective reading of the text" so line-by-line modifications can be proposed. The next Fish Week is set for Oct. 9-13.