China formally accepts the Fisheries Subsidies Agreement

On June 27, China formally accepted the Agreement on Fisheries Subsidies and affirmed its support for the historic agreement for the sustainability of the oceans, as the world's leading producer in the field of maritime fishing, reported from the World Trade Organization ( WTO). Its General Director, Ngozi Okonjo-Iweala, was in charge of receiving the documentation from the Minister of Commerce Wang Wentao, in Tianjin. After twenty years of negotiations, in which India and China presented the greatest obstacles, it was finally possible to reach an agreed text and this Tuesday China has taken a significant step by ratifying its acceptance of the conditions that will be imposed from the start of in effect. According to specialists, this agreement generates tools for Argentina to stop the overexploitation of maritime resources in the South Atlantic. Resources such as squid, hake, haddock and toothfish that are managed within our Exclusive Economic Zone with management plans that ...