India is pushing for the use of a “per capita distribution of subsidies” criteria in order to discipline subsidies that result in overfishing and overcapacity under a World Trade Organisation (WTO) framework.
Last week, India submitted a paper at the WTO — Designing Disciplines for the Overcapacity and Overfishing Pillar: A Case for Intensity-based Subsidies Approach — which will be discussed at the global trade organisation’s general council meeting in Geneva on December 16-17, a senior government official said on Tuesday.
India also flagged the difference in the amount of subsidy provided by developing nations such as India, as compared