India backs WTO fisheries subsidy draft which seeks safeguards for small fishermen

India has backed the draft ministerial decision on fisheries subsidies at the World Trade Organization, which aims to curb overfishing while preserving special and differential treatment for developing countries and Least Developed Countries (LDCs).The draft builds on progress made since previous ministerial conferences and calls for continued negotiations to develop comprehensive disciplines on subsidies that contribute to overcapacity and overfishing, while ensuring adequate safeguards for developing economies. Members have agreed to work towards recommendations for the 15th Ministerial Conference.Speaking at the session, Commerce and Industry Minister Piyush Goyal emphasised a balanced and people-centric approach. He noted that fisheries support over 9 million livelihoods in India, largely driven by small, traditional and artisanal fishermen using sustainable practices.Goyal highlighted that the issue of overfishing stems primarily from heavily subsidised industrial fleets, not small-scale fishermen in developing countries. He reiterated India’s support for the draft, adding that “further decisions must deliver an equitable and development-oriented outcome that protects both marine resources and livelihoods.”India has consistently pushed for protecting small fishermen’s rights and placing greater responsibility on developed nations. It has also raised related concerns on agriculture and public stockholding at multilateral forums, seeking fair and balanced outcomes.(Edited by : Sheersh Kapoor)

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