Challenge of overcapacity and overfishing arises from heavily subsidised industrial fleets, not from small-scale fishermen in India and other developing countries and LDCs: Union Minister of Commerce and Industry Shri Piyush Goyal at WTO Ministerial Conference

India, March 29 -- The Government of India has issued a release:

Fisheries Subsidies was one of the key agenda items discussed by Trade Ministers at the World Trade Organization's Fourteenth Ministerial Conference (MC14) held from March 26-29 in Yaounde, Cameroon. The Indian delegation, led by Union Minister for Commerce and Industry Shri Piyush Goyal, actively contributed to shaping the Ministerial Decision that sets out the future course of Phase II negotiations on fisheries subsidies relating to overcapacity and overfishing.

Keeping sustainability concerns at the forefront and in line with Sustainable Development Goal 14.6, India emphasised that Phase II negotiations must reflect core principles of equity, including Special and Differe...