Friday , March 13, 2026 |   02:23:00 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
I-T - Competent Authority shall issue tax withholding certificate, only after dilating upon nature of transaction and recording prima-facie opinion: HC (See Breaking News) TP - Interest u/s 234B and 234C is not leviable on incremental income declared in modified return filed pursuant to Advance Pricing Agreement: ITAT (See Breaking News) I-T - Deprtment is required to issue a tax withholding certificate, after dilating upon nature of transaction and recording prima-facie opinion: HC (See Breaking News) TP - Transfer pricing adjustment framed by invoking Section 92BA is unsustainable where the provisions were omitted w.e.f. 01.04.2017 & ceased to exist thereafter: ITAT (See Breaking News) TP - Mere broad functional similarity is insufficient for reliable analysis, even under Transactional Net Margin Method: ITAT (See Breaking News) TP - AMP expenses cannot be benchmarked independently once entity-level TNMM has been applied, as segregating such expenses would result in double counting & contravene transfer pricing rules: ITAT (See Breaking News) TP - A per settled legal position, incidental benefit to an AE does not convert routine AMP expenditure into an international transaction: ITAT (See Breaking News) TP - Once international transaction is covered by binding APA, tax authorities can't make a disallowance u/s 37(1) on basis that expenditure was not incurred wholly & exclusively for purpose of business: ITAT (See Breaking News) DTAA - Purpose of Art 25(1) of DTAA is limited to elimination of double taxation and cannot be interpreted to impose restrictions of domestic law on specific computational mechanism provided in Art 7(3) : ITAT SB (See Breaking News) I-T - Apportionment of contract price into different cost centers and milestones, as pre-requisite of tender conditions, does not automatically render those activities severable from main object of contract: ITAT (See Breaking News) I-T - If right to show cricket matches is confined to live telecast and payment made is only for matches held in series and not subsequent matches, such amount paid for transmission can't be considered as royalty: HC (See Breaking News) I-T - Once receipts fall within definition of FTS under DTAA as well as domestic law, it becomes immaterial whether assessee has PE in India or not: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

Fisheries subsidies: WTO chief urges final deal by July
By TII News Service
Apr 22, 2021 , Geneva

    

THE World Trade Organisation (WTO) chief on Wednesday urged members to prepare to make tough calls and pave the way for a ministerial meeting in July in a bid to deliver on a 20-year pending agreement that will curb harmful State support for over-fishing.

"We will be asking ministers to meet virtually in July with a focus on fisheries subsidies," Director-General Ms Ngozi Okonjo-Iweala said. "The aim of that meeting will be for ministers to review a very advanced, hopefully final, text."

Before then, an intermediate text containing middle-ground provisions will be important to capture progress made since the most recent version of the draft consolidated text was circulated in December, the fisheries subsidies negotiations chair, Colombia’s Mr Santiago Wills said.

"As we enter into this final phase, our process also needs to change," he said, noting that non-stop, text-based consultations with heads of delegations will be vital to quickly find acceptable landing zones that can be put to ministers.

"We are now at the stage where political will to make tough calls and compromises has to be used," he added.

The heads of delegations gathered for a cluster of discussions from April 12-16, focusing on key issues where higher-level attention was needed to make progress such as a possible exemption for subsidies to subsistence, artisanal, or small-scale fishing; due process requirements for illegal, unreported and unregulated fishing determinations; and the approach to the prohibition of subsidies contributing to overcapacity and overfishing.

Members also discussed the prohibition of subsidies related to overfished stocks, particularly how to ensure its coherence with the other fisheries subsidies disciplines.

"Our job is to protect the fish and to protect the many millions of fisher men and women who directly depend on the fish," DG Okonjo-Iweala said. "I remain committed to reaching a meaningful outcome soon and I am sure that if we all put in the hard work needed, we will get there in July."

Negotiators have been given the task of securing agreement on disciplines to eliminate subsidies for illegal, unreported and unregulated fishing and to prohibit certain forms of fisheries subsidies that contribute to overcapacity and overfishing, with special and differential treatment being an integral part of the negotiations. e current and future workforce to meet the challenges of climate change.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.