Peru Becomes 14th WTO Member to Accept Fisheries Deal
Peru formally accepted the World Trade Organization's Agreement on Fisheries Subsidies on July 19, becoming the 14th nation to do so, the WTO announced. The deal, which would impose rules to crack down on subsidies for illegal, unreported and unregulated…
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fishing, requires a two-thirds majority for ratification. "Peru's status as one of the leading marine fishing producers is a strong signal of the importance of the Agreement for global fisheries sustainability," WTO Director-General Ngozi Okonjo-Iweala said. Peru's Minister of Foreign Affairs Ana Cecilia Gervasi Diaz said the country is "honoured to be the first Latin American member" to accept the deal, and hopes it convinces "the rest of the membership towards a prompt entry into force of this Agreement.”