Thursday , May 6, 2021 |   21:48:06 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
WTO chief calls for urgency in vaccine access (See 'TII BREIF') US to support IP waiver at WTO for COVID-19 vaccines (See 'TII BREIF') Supplier sins & Recipient repents! - Part-I COVID-19 - Did I really BEAT the Virus? It was a scary combat! CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') Asia dominates global Container Port Performance Index (See 'TII BREIF') ADB's net allocable income reaches USD 1.13 bn (See 'TII BREIF') Energy prices push OECD inflation up to 2.4% in March (See 'TII BREIF') TP - RPM should be applied as the most appropriate method for determining the ALP of international transaction of purchase of material from AE but only upon carrying out the AMP intensity adjustment in the profit rate of comparables: ITAT (See 'Breaking News') I-T - Appeals having tax effect less than threshold limit prescribed by CBDT, merits dismissal per se without adjudicating case on merits: HC (See 'Breaking News') EIF delves deep into trade priorities for LDCs (See 'TII BREIF') OECD to release Inheritance Taxation report on May 11 (See 'TII BREIF') WTO boss announces 4 Deputy DGs (See 'TII BREIF') Pension Fund CDPQ Infrastructures Asia III Incnotified u/s 10(23FE) (See 'Bulletin Board') Pension Fund Caisse de depot et placement du Quebec notified u/s 10(23FE) (See 'Bulletin Board') Pension Fund CDPQ Fixed Income XI Inc notified u/s 10(23FE) (See 'Bulletin Board') Pension Fund Ivanhoe Logistics India Inc notified u/s 10(23FE) (See 'Bulletin Board')
 
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 © 2010-2020 | Privacy Policy | Taxindiainternational.com Pvt.Ltd. All rights reserved.