WTO braces for battles on fisheries, agriculture in UAE talks – World

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The world’s trade ministers are set for tough negotiations on Tuesday at a World Trade Organisation (WTO) meeting in Abu Dhabi, with fisheries and agriculture taking centre stage.

The closed talks will take place on the second day of the WTO’s 13th ministerial conference which is scheduled to run until Thursday but could go into over-time amid divisions.

There is little hope for major breakthroughs with WTO rules requiring full consensus among all 164 member states.

But progress could be made on a new global agreement on fisheries subsidies.

After a 2022 deal which banned subsidies contributing to illegal, undeclared and unregulated fishing, the WTO hopes to conclude a second package focusing on subsidies which fuel overcapacity and overfishing.

“We’re close. It’s doable for sure,” said a diplomatic source.

“The final push needs a little bit of compromise, a little bit of political will,” the source told AFP on condition of anonymity, calling a potential agreement a “very good outcome”.

The 2022 agreement has yet to take effect as not enough countries have ratified it.

But it was seen as a major achievement, marking just the second accord concluded by the WTO’s full membership since the global trade body was created in 1995, and the first focused on environmental protection.

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