This document aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing practices, as well as to promote the sustainable use of marine biological resources.
The Protocol adopted in Geneva became the first multilateral WTO agreement specifically dedicated to issues related to fishing and ecology. It introduces a ban on subsidies that support illegal fishing, as well as those related to overfishing in unregulated areas and fishing in zones with depleted stocks.
Moreover, the agreement includes special and differentiated measures aimed at supporting developing countries, such as transition periods and the provision of technical assistance.
