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  4. Vol 3, Issue 3, 2024

Study on the International Law Aspects of the New WTO Fisheries Subsidies Agreement

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DOI: 10.23977/law.2024.030303 | Downloads: 0 | Views: 71

Author(s)

Jing Yang 1

Affiliation(s)

1 College of Marine Culture and Law, Dalian Ocean University, Dalian, Liaoning, China

Corresponding Author

Jing Yang

ABSTRACT

The overexploitation of global marine resources has led to a growing crisis in marine fisheries resources. Many countries and international organizations attribute the overexploitation and exploitation of fisheries resources to the incentives provided by some fisheries policies, such as fisheries subsidies.2022 The Fisheries Subsidies Agreement (FSA) was finally adopted as a stand-alone agreement. The Fisheries Subsidies Agreement is the most significant outcome of the fisheries subsidies negotiations in 21 years, the first multilateral agreement reached by the WTO in the past nine years, and an important contribution to the realization of the United Nations 2030 Agenda for Sustainable Development. During the long negotiation process, although the relevant rules and interpretations were finally formed, there were still disputes among countries over specific concepts and determinations. For example, there are no clear provisions on the definition and identification of IUU fishing, and enforcement and remedies for the subsidy ban. This paper starts from the principles of feasibility, fairness and reasonableness of the IUU fishing subsidy ban, and combines the scope of the WTO subsidy negotiation authorization to expand the relevant theoretical contents of the Fisheries Subsidies Agreement in depth, to amend the limitations of the existing theories and to enrich the relevant knowledge system. Moreover, the new provisions, such as requirements for fisheries management and detailed notification of subsidies, will pose challenges for developing country members. Therefore, it is of great significance to understand the main contents of the Agreement on Fisheries Subsidies and to study the impacts of the Agreement on China and its response strategies, which will be conducive to the sustainable development of China's fisheries and oceans, and to the establishment of an international trade system for marine fisheries resources that is fair, reasonable and sustainable.

KEYWORDS

WTO Regulations; Fisheries Subsidies Agreement; IUU Fishing Subsidies

CITE THIS PAPER

Jing Yang, Study on the International Law Aspects of the New WTO Fisheries Subsidies Agreement. Science of Law Journal (2024) Vol. 3: 16-21. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030303.

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