NausheenAIR 9 · CSE 2023 · 67 wordsTheir whole copy
Opening
Recently, A new agreement on fisheries subsidies was signed by nations at the WTO. India, however refrained from signing it.
Body · points and prose
New Agreement on fisheries subsidies
→ Rationalising or eliminating the subsidies provided to the farmers engaged in fisheries industry. → Reduction of trade distorting practices in fisheries. → Reducing import barriers on fisheries product.
- India's Stand
- (1) Refrained from signing the agreement calling it discriminatory for small farmers.
- (2) Called for opening up of domestic markets for Indian exports
- Significance of fisheries sector
- (1) India has 7500 km of coastline and large no. of farmers depending on it.
- (2) According to ES'23, fisheries sector growing @ 7.9% in 2022-23.
- (3) export potential to S-E Asian countries and Japan.
- (4) Protein rich food for treating malnutrition.
- Steps taken by India
- (1) PM-Matsya Sampada Yojana for building up fisheries sector with adequate finance.
- (2) Fisheries & Aquaculture Development Fund (FIDF) for building infrastructure.
- (3) Farmer Producer Organisations (FPOs).
Close
Fisheries sector is also important for providing alternate employment during seasonal employment.