Core Points - The Hong Kong SAR government welcomes the official implementation of the WTO's Fisheries Subsidies Agreement, which took effect on September 15, 2023 [1] - The agreement marks a significant step towards sustainable ocean development and highlights the WTO's role in addressing global issues [1] - The agreement regulates fisheries subsidies among WTO members, promoting sustainable fishing practices and reducing harm to marine and global fish resources [1] - The implementation of the agreement is expected to benefit trade, development, and the environment [1] Summary by Sections - Agreement Details - The Fisheries Subsidies Agreement was adopted at the WTO's 12th Ministerial Conference in June 2022 and opened for member accession thereafter [1] - China approved the agreement on June 27, 2023, becoming one of the early major members to complete the ratification process [1] - Regulatory Aspects - The agreement requires the elimination of subsidies for illegal, unreported, and unregulated fishing, as well as for overfished species and unregulated high seas fishing [1] - It incorporates elements of fisheries management such as enforcement, resource sustainability assessment, policy transparency, and international cooperation [1] - Local Implementation - Following the acceptance of the agreement in August 2023, the Hong Kong SAR government's Agriculture, Fisheries and Conservation Department has made appropriate adjustments to relevant fisheries subsidy and support program guidelines [2]
香港特区政府欢迎世贸组织《渔业补贴协定》正式生效
Zhong Guo Xin Wen Wang·2025-09-16 07:37