REPORT: BILLIONS IN FISHING SUBSIDIES FINANCE SOCIAL AND ECOLOGICAL HARM

On 7 July, a report from Mongabay argues that that the world’s top 10 fishing nations are spending billions of dollars on harmful fishing subsidies to not only exploit their own domestic waters, but to fish in the high seas and the waters of other nations.  Experts say these subsidies are propping up fishing industries that would not be viable without financial support, and contributing to overcapacity, overfishing, and IUU fishing.  The potential for harmful fishing subsidies will be addressed at an upcoming meeting of the WTO that will take place online on 15 July.

https://news.mongabay.com/2021/07/billions-in-fishing-subsidies-finance-social-ecological-harm-report-finds/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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