WTO’s DDG Ellard Calls for Enhanced Parliamentary Engagement on Fisheries Subsidies Agreement
In a recent address, Deputy Director-General (DDG) of the World Trade Organization, Ellard, spotlighted the pivotal role that parliaments play in connecting international institutions with citizens. “Parliamentary engagement is not just beneficial but essential for the WTO’s mission. It shapes the effectiveness, relevance, and impact of our work,” she stated during her remarks, emphasizing the importance of fostering a collaborative spirit between lawmakers and global trade entities.
As the international community looks to tackle pressing maritime issues, DDG Ellard reiterated the urgency of implementing the Agreement on Fisheries Subsidies, which was adopted in June 2022. This agreement aims to curb harmful subsidies that contribute to overfishing—a challenge that has threatened global fish stocks and the livelihoods of many. For this initiative to take effect, 111 out of 164 WTO members must ratify it. Currently, 83 members have signed on, leaving 28 yet to join. “I am grateful to those who have supported this vital agreement,” Ellard remarked, encouraging swift action from those who have not yet ratified.
At the recent 13th Ministerial Conference (MC13), the dialogue surrounding fisheries subsidies gained significant momentum. Ellard noted a notable step towards addressing longstanding concerns like overcapacity and overfishing, as the negotiations approached a consensus more closely than in over two decades. The revised document, now designated as TN/RL/W/279, aims to establish rigorous restrictions on substantial subsidizers while allowing flexibility for developing countries—balancing economic needs and environmental sustainability.
Looking towards the future, DDG Ellard expressed optimism as preparations ramp up for the WTO’s General Council meeting scheduled for July 2024. “We are on the verge of substantial progress,” she emphasized, calling on political leaders to seize the moment and finalize agreements before year-end.
On another front, Ellard commended the ongoing reform efforts of the dispute settlement system, led by experts including Ambassador Usha Dwarka-Canabady from Mauritius. She pointed out that while the Appellate Body is currently not functioning, the dispute resolution system remains active, with new cases being initiated. As of 2024, seven new disputes have emerged, showcasing the continued reliance on the WTO’s mechanisms by member states.
Additionally, DDG Ellard touched on the incorporation of plurilateral initiatives into the WTO rulebook. She highlighted the Investment Facilitation for Development (IFD) Agreement, a landmark deal supported by two-thirds of members, which focuses on enhancing investment partnerships particularly beneficial for developing nations. Furthermore, she noted the ongoing discussions regarding e-commerce, with a stabilized text gaining traction among countries, although some are still navigating their internal reviews.
As the WTO progresses through these critical discussions, the call for collaborative efforts remains paramount as countries strive for a sustainable and equitable trading system.
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Tags: #Politics #WorldNews #Sustainability #Trade #Fisheries #Investment #Ecommerce
