New Zealand Permanent Mission Geneva, Switzerland
Fisheries Subsidy Transparency Seminar, WTO, Geneva, Switzerland
Ambassador John Adank, New Zealand Permanent Representative to the World Trade Organisation(WTO), chaired a Fisheries Subsidy Transparency Seminar, held at the World Trade Organization, Geneva, Switzerland on the 21 October 2013. The purpose of the seminar was to take stock of international fisheries subsidies developments and to consider recent initiatives on improving transparency around fisheries subsidies.
Reforming fisheries subsidies continues to be a pressing issue for the international community. The state of the world’s fisheries continue to give cause for concern and there is limited room for growth through increased fishing. In addition to contributing to overfishing and overcapacity, fisheries subsidies also distort trade and contribute to the US$50 billion per year of economic losses in the global marine fisheries industry, as estimated by the World Bank in 2008.
James Brown, 1st Secretary, New Zealand Permanent Mission provided an overview of recent international developments in fisheries subsidies. Rashid Sumaila presented the University of British Columbia’s Re-Estimation of Global Fisheries Subsidies and Roger Martini presented the OECD’s recent work on fuel tax concessions in fisheries.