US Formally Accepts WTO Fisheries Subsidies Deal
U.S. Trade Representative Katherine Tai officially signed the instrument of acceptance of the World Trade Organization fisheries subsidies deal struck at the 12th Ministerial Conference. With the signing, the U.S. became the fourth WTO member, and first large fishing nation, to formally accept the deal. Two-thirds of WTO members must accept the deal for it to take effect.
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“We are proud to be among the first WTO Members to accept this agreement, which is the first ever multilateral trade agreement with environmental sustainability at its core," Tai said in an April 11 news release. "It will help improve the lives of fishers and workers here in the United States and elsewhere, and we look forward to building on this agreement with other WTO Members.”
WTO Director-General Ngozi Okonjo-Iweala said she is "delighted and grateful" to receive the formal U.S. acceptance. "This strong show of support by the United States for the WTO's work toward ocean sustainability marks a pivotal increase in momentum among the membership to ensure this landmark agreement enters into force. US leadership is vital to the WTO and to multilateralism," she said.