The Housing Committee approved the ratification of the WTO agreement on fisheries subsidies

Елена Краснова Economy
VK X OK WhatsApp Telegram
- At the meeting of the Committee of the Jogorku Kenesh on international affairs, defense, security, and migration, the following bills were discussed and approved:

- "On the ratification of the Protocol amending the Marrakech Agreement establishing the World Trade Organization (Agreement on Fisheries Subsidies)," which was adopted at the 12th Ministerial Conference of the WTO on June 17, 2022, in Geneva — in the first reading.

- "On the ratification of the Loan Agreement between the Kyrgyz Republic and the Saudi Development Fund for the project 'Construction of Public Schools' Phase-2," signed on October 9, 2025, in Bishkek" — in the second reading.

- "On the ratification of the Loan Agreement 'First Program for Sustainable and Inclusive Growth' between the Kyrgyz Republic and the OPEC Fund for International Development, signed on September 22, 2025, in Bishkek" — in the second reading.

The purpose of the WTO Protocol on Fisheries Subsidies is to limit harmful subsidies that contribute to overfishing and depletion of fish resources, which in turn promotes sustainable development of fisheries at the global level.

The loan of 30 million dollars from the OPEC Fund, provided for 20 years with a five-year grace period and an interest rate of 1.25%, under the program "First Program for Sustainable and Inclusive Growth," aims to strengthen energy supply, social services, climate resilience, financial stability, and the business environment.

All three bills received the committee's approval and will be forwarded for further consideration at the plenary session of the Jogorku Kenesh.
VK X OK WhatsApp Telegram

Read also: