India on Monday announced that it has joined the WTO's agreement on fisheries subsidies, which prohibits government support to illegal fishing activities and over-exploitation of stocks.
The agreement focuses on subsidies related to marine wild capture fishing and fishing-related activities at sea.
ALSO READ: India's WTO Trade Policy Review Begins Tomorrow; Commerce Secretary Rajesh Agarwal To Lead Delegation
However, aquaculture and inland fisheries remain outside the scope of this pact, which came into force on Sept. 15, 2025.
The agreement was adopted by consensus at the 12th WTO Ministerial Conference in Geneva in June 2022. It is the first multilateral WTO agreement with an environmental sustainability objective.
"India deposited its Instrument of Acceptance of the WTO Agreement on Fisheries Subsidies (AFS) on 20th July 2026, thereby becoming a Party to the Agreement," the commerce ministry said in a statement.
The formal acceptance was handed over by the Commerce Secretary Rajesh Agrawal to the Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala in Geneva.
Agarwal is in Geneva for an official visit.
The agreement, it said, protects the livelihoods of traditional and small-scale fishers by promoting sustainable fisheries.
It prohibits subsidies linked to illegal, unreported and unregulated (IUU) fishing and fishing of overfished stocks, as it aims to address unsustainable fishing practices that threaten marine resources.
The pact also creates a more equitable global fisheries regime by disciplining harmful subsidies that support large, heavily subsidised industrial fishing fleets being operated by distant water fishing nations.
"This benefits countries like India, where fisheries are predominantly small-scale and which are not major participants in industrial fishing," it said, adding that the predominance of aquaculture-based shrimp in India's seafood exports, which fall outside the scope of the agreement, ensures the continued resilience and competitiveness of the country's seafood export sector.
The pact also seeks to promote the conservation and sustainable use of marine fisheries resources while providing appropriate flexibilities for developing and least-developed country members.
It added that India's domestic fisheries management framework is in alignment with the agreement and safeguards the interests of traditional and small-scale fishers.
ALSO READ: India Working On 'Well-Calibrated' AI Law, Studying US And EU Models: MeitY Secretary
The agreement entered into force only after two-thirds of WTO members (166 at present) deposited their instruments of acceptance.
Once that threshold was reached, the pact became legally effective for those countries that had accepted it.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
