In a historic move, the UN Sustainable Development Goal 14.6 mandated the World Trade Organization (WTO) to “prohibit certain forms of fisheries subsidies which contribute to overcapacity and overfishing, and eliminate subsidies that contribute to IUU fishing …, recognizing that appropriate and effective special and differential treatment for developing and least developed countries should be an integral part of the WTO fisheries subsidies negotiation”.

The developed countries used this mandate to launch active negotiations on disciplining…

The 12^th Ministerial Conference (MC12) of the World Trade Organization is being convened in Geneva at the end of this month, a year and a half after it was scheduled to be held in Kazakhstan. MC12 is being held at an important juncture when the global trade scenario is quite upbeat. Recent WTO estimates show that global trade volumes could expand by 11 percent in 2021, and by over 4 percent in 2022, and could stabilise at a level…