WTO Fisheries Funding Mechanism readied to provide support for ending harmful subsidies

Director-General Ngozi Okonjo-Iweala on 14 June introduced the WTO Fisheries Funding Mechanism, which is envisioned to support developing and least-developed countries in implementing a prospective agreement to curb harmful fisheries subsidies. Interested donors and beneficiaries welcomed plans for the Fund, which the chair of the ongoing negotiations, Ambassador Santiago Wills of Colombia, said will help assure members about the availability of assistance.

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