International relations

WTO Agreement on Fisheries Subsidies

GS3 Economy · International tradeGS2 International institutionsPrelims and Mains

In the news since 8 October 2026

Why in news
On 8 October 2026 a PIB article by two fisheries experts discussed India's ratification of Phase 1 of the WTO Fisheries Subsidies Agreement. India deposited its Instrument of Acceptance on 20 July 2026.
What it is
The WTO Agreement on Fisheries Subsidies is a multilateral trade agreement that bans harmful subsidies to fishing. It was adopted at the WTO's 12th Ministerial Conference in Geneva in June 2022. It is the first WTO agreement with environmental sustainability at its core.
India's Phase 2 demands
India wants a 25-year transition period for developing countries within their EEZs, and a per-fisher benchmark for subsidy disciplines.
Subsidy per fisher
The article says Indian small-scale fishers get about US$15 support per fisher a year, against US$1000 or more in EU, US and China fleets.
Origin of the agreement
The agreement was adopted at the WTO's 12th Ministerial Conference in Geneva in June 2022.

Don’t confuse with Phase 1 vs Phase 2: Phase 1 bans subsidies for IUU fishing, overfished stocks and unregulated high-seas fishing. Phase 2 deals with overcapacity and overfishing subsidies and is still under negotiation.

Don’t confuse with IUU fishing: IUU means illegal, unreported and unregulated fishing. It is a different thing from legal fishing aided by subsidies.

International bodies and relations: the largest group of news questions in Prelims (61 since 2013), often about background, members and location. In Mains, 27 news-triggered questions, mostly on India's interests.

Test yourself

Worth revising until Prelims 2028: most news questions come within two years of the event.

Each time it was in the news

  1. 8 October 2026

    On 8 October 2026 a PIB article by two fisheries experts discussed India's ratification of Phase 1 of the WTO Fisheries Subsidies Agreement. India deposited its Instrument of Acceptance on 20 July 2026.