Okonjo-Iweala
The Director General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has expressed delight over the United States’ formal acceptance of the World Trade Organisation’s (WTO) Agreement on Fisheries Subsidies.
According to a statement from the global trade body Wednesday, the United States deposited its instrument of acceptance for the Agreement on Fisheries Subsidies on April 11, making it the fourth WTO member, and the first among the large fishing nations, to do so.
Okonjo-Iweala who received the instrument from US Trade Representative, Ambassador Katherine Tai, in Washington, DC, pointed out that the formal acceptance by the United States marked a pivotal moment for the approaching entry into force of the landmark agreement for ocean sustainability.
Acceptance from two-thirds of WTO members are needed for the Agreement to come into effect.
Okonjo-Iweala added: “I am delighted and grateful to receive the United States’ formal acceptance of the WTO’s Agreement on Fisheries Subsidies. This strong show of support by the United States for the WTO’s work toward ocean sustainability marks a pivotal increase in momentum among the membership to ensure this landmark agreement enters into force.
“US leadership is vital to the WTO and to multilateralism. I look forward to continuing to work with the United States to ensure that the WTO responds to the needs of people and the planet.”
Also, Tai said: “The United States has been a leader in protecting our shared environment from harmful and unsustainable practices, including our oceans and marine resources—and those whose livelihoods depend on them.”
“We are proud to be among the first WTO members to accept this agreement, which is the first ever multilateral trade agreement with environmental sustainability at its core. It will help improve the lives of fishers and workers here in the United States and elsewhere, and we look forward to building on this agreement with other WTO members.”
Adopted by consensus at the WTO’s 12th Ministerial Conference (MC12) held in Geneva from 12th to 17th June, 2022, the Agreement on Fisheries Subsidies sets new binding, multilateral rules to curb harmful subsidies, which are a key factor in the widespread depletion of the world’s fish stocks.
“In addition, the agreement recognises the needs of developing and least-developed countries (LDCs) and establishes a Fund to provide technical assistance and capacity building to help them implement the obligations.
“The agreement prohibits support for illegal, unreported and unregulated (IUU) fishing, bans support for fishing overfished stocks, and ends subsidies for fishing on the unregulated high seas.
“Members also agreed at MC12 to continue negotiations on outstanding issues, with a view to making recommendations by MC13 for additional provisions that would further enhance the disciplines of the agreement,” the statement added.
Follow us on:
Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…
A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…
https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…
Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…
Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…
Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…
View Comments
going on nowNIGERIA 🇳🇬 CUST0M SERVICE REPLACEMENT FORM IS FINALLY OUT FOR 2023/2024 BATCH B AND YOU CAN GET IT DIRECTLY FROM THE ZONAL HEADQUARTERS IN NIGERIA INTERESTED APPLICANT THAT HAS WAECE, NECO, NCE, ND, HND, BSC CAN APPLY PLEASE KINDLY CONTACT ME ON: FOR MORE INQUIRIES
NIGERIA CUSTOM
{2023/2024 }
REPLACEMENT//RECRUI
TMENT FORM IS OUT
BAGS OF RICE 18,500
VEGETABLE OIL 25.
LITTER 10,000
TOKUMBO VEHICLE FOR
SALE AT AUCTION PRICE
INTERESTED BUYER
SHOULD CONTACT
OFFICER Eze ON
[07O 4540_-6674 ]
CARS FEATURES AND
PRICE BELOW
GOLF 2,3,4,5 #250,000SIENNA 650,000
4runner 1m
TUNDRA 1.9m
PICNIC 650,000
Highlander 1m
PADRO JEEP 1.6m
LAND CRUISER=1.7m
YARIS #750,000
MATRIX #850,000
HAICE BUS .1m
VENZA 1.7m
RAV4 900,000
AVENSIS #700,000
AVENSIS #700,000
AVALON #800,000
Hilux 1.5 M
BigDaddy~ N550K
COROLLA S=#800,000
COROLLA le=#550,000
CAMRY PENCILLIGHT=#350,000
LEXUS RX 350 2m
LEXUS RS 330 # 1.2m
LEXUS RS 300 # 950,000
LEXUS RX 470 2.5m
Honda CR-V 700,000
HONDA ACCORD #750,000
PILOT 950,000
08082712224
BENZ C320=#1,150,000
BENZ C330=#1,250,000
GOLF3=#200,000
GOLF4=#300,000Mazda~ 200K , End Of Discussion~ N500K ,
Discussion Continue~ 600K , Honda Evil Spirit~ N800K , Camry 2.2~ N350K , Honda Element~ 600k ,
Avensis- 800K , Rav4 ~ N700K , Sienna~ 650K , Highlander~ 950k ,080_-_8271-_-2224〽.LOCATION AT OGUN
STATE IDIROKO BORDER WE
HAVE TWO OPTION
ELDER WE DELIVERY OR
YOU COME OVER IF WE
HAVE TO COME OVER WE
NEED THIS FROM YOU
{1} NATIONAL ID CARD
{2} BORDER PERMIT
{3} INSPECTION DOCUMENTS
{4} 2PASSPORT
THANKS FOR YOUR
PATRONAGE WE
DELIVER TO 36 STATE IN
NIGERIA AND ALSO
COME DOWN WITH THE
FULL PAYMENT CALL
FOR MORE
INFORMATION
{07O 4540_-6674 }