WTO fails to agree rules to stop overfishing by year’s end deadline
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GENEVA (Reuters) – World Trade Organization negotiators failed to reach a deal to cut subsidies that lead to overfishing by a year-end deadline, the chairman of the talks told delegates at a
closed-door meeting on Monday, citing delays linked to COVID-19.
Santiago Wills said the it was impossible to reach the U.N. target due to time lost due to the coronavirus pandemic, adding that a deal was closer than ever.
World leaders committed in 2015 to a series of U.N. targets and one of them mandates the Geneva-based trade watchdog to strike a deal on ending government subsidies worth billions of dollars
that contribute to over-fishing by 2020.
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