Indian intervention at Ministerial meeting of WTO on fisheries subsidy negotiations

Fisheries are a common endowment to humanity, a global public commons. Therefore, the sharing of this should be in an equitable and just manner. Any unbalanced or unequal agreement would bind us into current fishing arrangements which may not necessarily meet everyone’s future requirements. As we discuss sustainability, it is essential that big subsidizers take greater responsibility to reduce their subsidies and fishing capacities, in accordance with the principles of ‘Polluter Pays’ and ‘Common but Differentiated Responsibilities’.