5 July 2023
Canadian Custom Brokerage

China formally accepts the WTO Agreement on Fisheries Subsidies

The Government of China has formally accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies.

China deposited its instrument of acceptance for the Agreement on June 27, affirming its support for the historic agreement for ocean sustainability as the world’s leading marine fishing producer.

The WTO Agreement on Fisheries Subsidies aims to ensure sustainable global fisheries by establishing new multilateral trade rules on harmful fisheries subsidies, such as those related to illegal, unreported and unregulated fishing. It is the second multilateral agreement, and first environmental agreement, to be negotiated at the WTO since its inception.

As of June 27, China was the eleventh WTO member to join the Agreement on Fisheries Subsidies.

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