G7 Don’t Miss the Boat on Human Rights
Recently in Osaka-Saki, Japan, the G7 Trade Ministers convened to discuss key issues affecting the global trading system and the topic of fishing subsidies was high on the agenda. Each year, governments worldwide provide an estimated $35.4 billion to subsidize their fishing fleets and over 60% of these subsidies go to commercial fishing that contribute to depletion of the world’s fish stocks. The G7 Ministers pledged to work on additional provisions to the historic agreement struck last year by the World Trading Organization (WTO) to reform fishing subsidies. The call for action was to seek greater alignment with Sustainable Development Goal 14.6, which addresses overfishing and Illegal, unreported, and unregulated (IUU) fishing.