“This agreement speaks volumes about the need for global solidarity to solve problems”, she said, especially those affecting global public goods such as the oceans. She said the ban is particularly important for small island developing States, as 22,000 tons of fish are “stolen” each year from coastal communities. The accord - reached two weeks ago by the 164 WTO members - is the fruit of 21 years of negotiations. Trade is a solution to unlocking opportunities presented by the blue economy, World Trade Organization Director General Ngozi Okonjo-Iweala told Governments, civil society representatives and others participating in a discussion on “Promoting and strengthening sustainable ocean economies, in particular for small island developing States and least developed countries”. LISBON, June 28 - An historic World Trade Organization (WTO) agreement to end harmful fishing subsidies set the stage for participants in an interactive dialogue held alongside the 2022 Ocean Conference today to outline long overdue measures that would help small island developing States and least developed coastal nations reap the benefits of the estimated $2.5 trillion marine economy. With 22,000 Tons of Fish Stolen Each Year, World Trade Organization Chief Hails Agreement on Harmful Subsidies
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