Differential treatment

India must protect its interests in WTO on fishery subsidies

India has rightly conveyed to the World Trade Organization (WTO) that its move to seek amendments to the draft of the proposed agreement on fisheries subsidies should not be viewed as a tactic to delay or block this crucial pact. It is meant to make the accord more balanced by reining in huge grants being doled out by rich nations for exploitative fisheries and giving space to other countries to consolidate their fisheries sectors. The present text, which tends to safeguard the commercial interests of the developed countries, is unacceptable to India because it fails to uphold the much-needed sustainability