WTO Fisheries Funding Mechanism now operational to assist developing countries and LDCs

A key commitment from the WTO’s Fisheries Subsidies Agreement has now been made effective. Specifically, the WTO Fisheries Funding Mechanism envisioned in that Agreement is now operational and ready to accept donations to support developing and least-developed countries in implementing the WTO’s new agreement to curb harmful fisheries subsidies. The WTO Secretariat formally submitted its notification outlining how the Fund will work and its estimated budget to WTO members at a meeting of the Committee on Budget, Finance and Administration on 8 November.