Business Standard

At WTO, Goyal says subsidies by many countries hurting Indian fishermen

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India on Thursday said that it is “very” keen to finalise an agreement on fisheries subsidies in the WTO as irrational benefits and overfishin­g by many countries are hurting domestic fishermen and their livelihood. Commerce and Industry Minister Piyush Goyal also said that WTO member countries still need to cover significan­t ground to make the negotiatio­n text on the agreement balanced to meet the concerns of developing and least-developed countries (LDCS). “We still need to cover significan­t ground to make the text balanced, to meet the just concerns of developing and LDC Members,” Goyal said during an online ministeria­l meeting of the WTO on the crucial fisheries subsidy.

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