The WTO Agreement on Fisheries Subsidies aims to enhance the sustainability of fisheries resources by prohibiting some of the most harmful types of fisheries subsidies. Implementation of the Agreement will enhance fisheries sustainability, which in turn will make an important contribution to strengthening global food security. This report highlights the importance of international collaboration in assisting developing and least developed country (LDC) members in overcoming the challenges associated with implementing the Agreement.
The report provides an overview of existing bilateral and multilateral development finance to fisheries in developing and LDC members, using data collected by the Organisation for Economic Co-operation and Development. It also looks into the role of the WTO’s Fisheries Funding Mechanism, which was established to help developing economies implement the Agreement.