Negotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks have been going on for more than two decades.
Negotiations have been going on at the World Trade Organization for more than 20 years towards banning fishing subsidies.GENEVE - India all but sank the WTO's bid to net a long-sought deal on curbing harmful fishing subsidies, insisting it would not sign up without a 25-year exemption.
But India stuck to its demand for a quarter of a century in which to adapt to the proposals on subsidies -- a position many others are at odds with. But some emerging from the negotiating rooms are pointing the finger at Indian intransigence on not just fisheries but on every topic being thrashed out at the WTO's lakeside headquarters.
Fishing subsidies is the flagship deal that the WTO's leader Ngozi Okonjo-Iweala was hoping to get passed at the global trade body's first ministerial conference in nearly five years. EU trade commissioner Valdis Dombrovskis said that some countries were taking"very strong positions, very far-reaching demands".
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