July 5, 2023
The Government of Japan has formally accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies.
Japan deposited its instrument of acceptance, joining other leading marine fish catch producers in affirming support for the Agreement.
The WTO Agreement on Fisheries Subsidies aims to ensure sustainable global fisheries by establishing new multilateral trade rules on harmful fisheries subsidies, such as those related to illegal, unreported and unregulated fishing. It is the second multilateral agreement, and first environmental agreement, to be negotiated at the WTO since its inception.
Japan is the 12th WTO member to join the Agreement on Fisheries Subsidies.