The number of WTO members that have ratified the Agreement on Fisheries Subsidies
More than one third of the world's fish stocks are overexploited. Our ocean is already suffering.
Billions of dollars in government subsidies just encourage more fishing—but we have an opportunity now to end harmful subsidies, helping people and the planet while meeting Sustainable Development Goal (SDG) 14 target 6.
World Trade Organization (WTO) members reached a historic agreement in June 2022 to tackle harmful fisheries subsidies, including those subsidies that go to illegal, unreported, or unregulated (IUU) fishing, the fishing of overfished stocks, and fishing in the unregulated high seas. This is a major step towards making SDG 14.6 a reality – but we now need governments to ratify the treaty at home so it can enter into force. And we need trade negotiators in Geneva to keep working on even more comprehensive rules for the future, including for subsidies that contribute to overcapacity and overfishing.
We need your help to keep the pressure up—let’s make sure that WTO members continue to prioritize this critical issue for the health of our ocean and the people who depend on it.
#StopFundingOverfishing
A New WTO Agreement to Curb Harmful Fisheries Subsidies
We now have a new Agreement on Fisheries Subsidies, the first-ever WTO deal with an environmental objective at its very core. It’s a big step forward, but there is even more to do. What made it into the final text, what does it mean, and what comes next?
A new video by the International Institute for Sustainable Development breaks down the final agreement for policy-makers. Watch as expert Alice Tipping outlines the new rules and exceptions, what issues were left for future negotiations, and why the deal matters for life on land and in the sea.
The ocean needs our help. Harmful fisheries subsidies from governments around the world are pushing the fishing industry to fish more and more, distorting the market and directly harming local fishing communities.
Small-scale and artisanal fisheries employ 90% of all fishers, but subsidies disproportionately fund big business. For example, about 78% of total fisheries subsidies in Latin America go to industrial fleets, not small-scale operations. Harmful subsidies, estimated at more than USD 22 billion a year, artificially reduce fishing costs. Industrial fleets can then afford longer trips, sailing farther to harvest more and more fish, depleting stocks faster than they can recover.
Cheaper gasoline and free nets won’t help anyone in the long run—our current situation threatens long-term food security and livelihoods around the world. More than 820 million people depend on fisheries and aquaculture for food, nutrition, and income. And as our population grows, so does demand.
The trend doesn’t look good—the share of overexploited stocks has tripled since the 1970s. WTO member took a major step forward in June 2022 when the concluded negotiations for a legally binding Agreement on Fisheries Subsidies. But for this agreement to deliver on its promise, governments must ratify the treaty and put it into practice.
We have a great opportunity right now to end harmful fisheries subsidies. Over seven years ago, United Nations member adopted the Sustainable Development Goals (SDGs) — a shared blueprint for peace and prosperity for people and the planet. SDG 14, one of 17 goals, focuses on Life Below Water, and one of the most attainable SDG 14 targets is to prohibit subsidies that overexploit fish stocks.
WTO members at last have a deal in place. But until they ratify it and implement its provisions, we won’t see the change we need for our ocean and the people whose livelihoods rely on it.
If we phase out these subsidies responsibly, unsustainable fishing can be controlled, and fish stocks should start to recover. Recovering stocks will eventually boost catch opportunities and revenues for remaining fishing vessels, allowing them to succeed without the need for government subsidies.
Eliminating these subsidies will not require money. Rather, this would free up resources for governments to invest in sustainable fisheries, aquaculture, and coastal communities. It is critical that we take meaningful action now to renew the health of our ocean and sustain fisherpeople and the populations who depend on them.
Though tuna in the Western and Central Pacific regions are biologically healthy, the number of vessels operating in the fishery is causing a decline in numbers. Even though vessels are catching fewer and fewer fish, they are able to continue operating, in part due to fisheries subsidies keeping them afloat.
For communities in places like Senegal, sardinella play an invaluable economic, social, and cultural role. Overexploitation supported by harmful fuel subsidies is contributing to a worrying decline in stocks and reduced profitability.
Shrimp fisheries in the Eastern Tropical Pacific support at least 140,000 jobs in places like Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, and Ecuador. These jobs are threatened by the current overexploitation of the region’s shrimp stocks by government-subsidized fleets.
Western and Central Pacific
Senegal
Ecuador
Countries at all stages of development should be prepared to improve the health of their fisheries
We need all hands on deck to ensure the new WTO Agreement on Fisheries Subsidies delivers on its promise and potential. Together, we can spark meaningful change that will renew the health of our ocean while supporting the livelihoods of those who rely on them.
Build the wave of support by sharing the message on social media. Tell the world why ending harmful fishing subsidies matters to all of us.
Photo by Shawn Heinrichs
Future?
Present
#stopfundingoverfishing
The Stop Funding Overfishing campaign has teamed up with famous photographers from around the globe to imagine what might be if the WTO doesn't take action now.
