India supports draft WTO fish declaration, says subsidised industrial fleets cause overfishing

India backs World Trade Organization talks to limit fishing subsidies, stressing the need to protect developing countries and small-scale fishermen from unfair impacts. The nation highlighted its sustainable fishing practices and conservation efforts. The objective is to safeguard marine resources and livelihoods globally through equitable and balanced decisions within the global trade framework, addressing the issue of overfishing caused by subsidized industrial fleets.

India has officially endorsed the World Trade Organization's (WTO) ongoing discussions for a draft declaration aimed at curtailing harmful fishing subsidies. The nation's primary concern revolves around the environmental damage caused by heavily subsidized industrial fishing fleets, which are identified as a major driver of overfishing and marine resource depletion. A central tenet of India's position is the imperative to ensure that any forthcoming regulations or agreements on fishing subsidies do not adversely impact developing countries and the livelihoods of small-scale fishermen. India underscores that these communities often depend significantly on fishing for their sustenance and economic stability, and thus require special consideration.Moreover, India utilized this platform to emphasize its own proactive approach to sustainable fishing practices and comprehensive marine conservation initiatives. The country maintains that its domestic policies are carefully crafted to protect marine ecosystems while simultaneously supporting local fishing communities. By advocating for equitable decision-making within the WTO, India aims to foster global trade rules that contribute to the long-term viability of marine life and the economic well-being of coastal populations globally. The ultimate goal is to reach a consensus that effectively curtails environmentally detrimental subsidies, promotes responsible fishing methods, and establishes a fair playing field for all nations, particularly those with developing economies and vulnerable fishing communities. India's active engagement reflects its commitment to integrating trade imperatives with environmental stewardship and social equity.