WTO: Draft text concerning overcapacity & overfishing subsidies

Following previously circulated drafts (WTO Doc. RD/TN/RL/174 (4 September 2023); WTO Doc RD/TN/RL/184 1 December 2023), on 21 December 2023 the chair of the fisheries subsidies negotiations, Ambassador Einar Gunnarsson (Iceland), circulated a draft consolidated chair text, entitled, Draft Disciplines on Subsidies Contributing to Overcapacity And Overfishing, and Related Elements (WTO Doc TN/RL/W/277) and explanatory note (WTO Doc TN/RL/W/277/Add.1). On 15 January 2024, WTO members agreed to use this text as the basis for negotiations, with a target to transmit a clean text to the 13th Ministerial Conference (MC13) for consideration, 26-29 February 2024.

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