WTO ministerial: Fishery subsidy, patent waiver to fight Covid likely to top agenda

Asia's Tech News Daily

© Provided by The Financial Express As the talks on fishery subsidies enter a critical phase, India will likely oppose any move to end subsidies for fishermen in developing nations immediately

The next ministerial of the World Trade Organization (WTO) will likely consider a raft of critical issues, such as fishery subsidies, WTO reforms, public procurement programmes for food security and the multilateral body’s response to the Covid-19 crisis, including the fate of a patent waiver proposal floated by India and South Africa to better fight the pandemic, an official source said on Wednesday. The 12th ministerial conference of the WTO will be held in Geneva from November 30 to December 3.

As the talks on fishery subsidies enter a critical phase, India will likely oppose any move to end subsidies for fishermen in developing nations immediately. Instead, it will suggest that the developing countries that are not engaged in distant water fishing be exempted from overfishing subsidy prohibitions for 25 years, taking into account their development needs. At the same time, developed nations should scrap their fishery subsidy in 25 years.

New Delhi believes that big subsidisers (developed nations) must take greater responsibility to reduce their dole-out and fishing capacities, in accordance with the principles of “polluter pays” and “common but differentiated responsibilities”. The per capita fishery subsidy provided by most developing countries (including India) is minuscule compared to advanced fishing nations.

While developed economies, including the US and the EU, have advocated that all countries do away with fishing subsidies linked to overcapacity and overfishing, developing nations have sought to be exempted from such restrictions to protect their small fishermen. Massive subsidies, estimated to be in the range of $14-54 billion globally per annum and extended mostly by large fishing nations, have contributed to overexploitation of the world’s fish stocks, analysts have pointed out.

Patent waiver

Similarly, India will vigourously pursue its proposal, seeking patent waivers to manufacture Covid-related medical products by temporarily suspending certain parts of the global Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement. Although WTO members agreed in June to start granular, text-based negotiations for the patent waiver proposal, initiated by India and South Africa to fight Covid, not much headway has been made yet, mainly due to stiff resistance from developed economies like the EU.

Food security

New Delhi will also push for a permanent solution to the issue of public procurement for food security on which there was no agreement at the Buenos Aires ministerial in 2017. Although India’s key procurement programmes are adequately protected for perpetuity from penal provisions under a peace clause secured at the WTO’s Bali ministerial in 2013 (its permanent status was affirmed in late 2014), it has been trying to ensure this protection acquires a legal status so that even if a member-nation reneges on its promise, the disputes settlement mechanism of the WTO won’t consider its appeal.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Quiz: Five questions on Magnus Carlsen's challenger- Ian Nepomniachtchi, and his maverick life

© Provided by The Indian Express Q1. Nepo was asked about his plans to spend the money earned from Candidates and other prize tournaments. For the moment I don’t have ... Read more »

Havana Syndrome: FBI warns staff amid reports of symptoms among agents

Photograph: Joshua Roberts/Reuters The FBI has warned its employees about Havana Syndrome, a mysterious ailment that appears to have affected US diplomats and spies in several countries in recent years ... Read more »

CIA director is said to have warned Russia of 'consequences' if it's found to be behind the 'Havana Syndrome' illnesses hurting US personnel around the world

Russian President Vladimir Putin.Photo by Mikhail Svetlov/Getty Images US personnel have reported brain damage and other symptoms of the mysterious “Havana Syndrome.” CIA Director Bill Burns warned Russian intel services ... Read more »

UAE reaches Covid-19 vaccination milestone as 100% receive first jab

© DHA The UAE’s vaccine campaign has reached an important milestone as 100 per cent of people have received the first dose. The UAE has reached a major milestone in ... Read more »

10 Restaurants in Manila With Breathtaking Views

© Provided by Spot.ph PHOTO BY Discovery Primea, Facebook/La Cathedral Cafe ILLUSTRATION Warren Espejo © Provided by Spot.ph PHOTO BY Discovery Primea, Facebook/La Cathedral Cafe ILLUSTRATION Warren Espejo (SPOT.ph) With ... Read more »

New COVID variant threat causes worldwide scramble

The Associated PressPeople line up to get on the Air France flight to Paris at OR Tambo International Airport in Johannesburg, South Africa, Friday Nov. 26, 2021. A slew of ... Read more »

G.V. Mavalankar — the man who Nehru dubbed the ‘father of Lok Sabha'

© Provided by The Print On his 133rd birth anniversary, ThePrint examines G.V. Mavalankar’s role as the first Speaker of the Lok Sabha. On 15 May 1952, the first session ... Read more »

Delhi-Mumbai Industrial Corridor: Four industrial smart cities being developed, says Commerce Ministry

© Provided by The Financial Express Four greenfield industrial smart cities or nodes are being developed in the states of Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh under DMIC. (representational ... Read more »

Pulp-it | Should you lose sleep over Omicron?

© Provided by Hindustan Times It’s safe to assume that full vaccination provides more protection than partial vaccination (REUTERS) The answers to three questions should guide our response to Omicron, ... Read more »

Over 20 injured as pick-up truck rams into pedestrians near Pune

More than 20 people were injured when a pick-up truck ploughed into a group of pilgrims in Vadgaon Maval area near Pune on Saturday morning. The pilgrims, known as warkaris ... Read more »

Time to open the shroud of Gandhiji, says assassination case researcher

© Provided by The Times of India After losing all legal battles over reopening of the Gandhi murder case, is Dr Pankaj Phadnis going to rely on bedside stories of ... Read more »

Prashant Kishor's Bengaluru visit meant to build base for TMC in Karnataka?

© Provided by DNA Political strategist Prashant Kishor who was in Bengaluru on Thursday is reportedly trying to build a base for the Trinamool Congress in the BJP-ruled state of ... Read more »

Punjab Police Constable recruitment 2021: Results of written exam out; check punjabpolice.gov.in

© Provided by Firstpost Punjab Police Constable recruitment 2021: Results of written exam out; check punjabpolice.gov.in The results for the written exam of the Punjab Police Constable 2021 have been ... Read more »

Blast die «Normalisierung» ab!

Der Bundesrat hat in der Bevölkerung naiv-optimistische Erwartungen geschürt. Nach der Abstimmung sollte er ein Zeitalter neuer Ehrlichkeit einläuten. © Foto: Peter Schneider (Keystone) Bundesrat Alain Berset spricht an einer ... Read more »

Dow plummets, travel changes coming over new omicron variant

The United States is putting in new travel restrictions for concerns over the new omicron variant, which has not been detected in Colorado as of now. Read more »

Omicron Covid variant: Greg Hunt backflips as Australia shuts border to southern Africa

Photograph: Lukas Coch/AAP Australians attempting to return home from southern Africa will be allowed into the country, but ordered into mandatory hotel quarantine Get our free news app; get our ... Read more »

Chess World Championship: Nepo holds Magnus Carslen with white pieces in Game 1

© Provided by The Times of India Reigning world chess champion Magnus Carlsen tested Ian Nepomniatchtchi with an off-beat move — Na5 on the eighth move in the Ruy Lopez ... Read more »

John Abraham reveals a massive scar on his chest on Kaun Banega Crorepati 13, says he ‘only' has 18 bikes

© Provided by The Indian Express Friday’s episode of Kaun Banega Crorepati 13 hosted the cast of new action thriller film Satyameva Jayate 2, John Abraham and Divya Khosla Kumar ... Read more »

India vs New Zealand Live Cricket Score, 1st Test, Day 3: Ashwin Strikes to Dislodge Young on 89 as NZ's Opening Partnership Ends on 151

© Provided by News18 India vs New Zealand Live Cricket Score, 1st Test, Day 3: Ashwin Strikes to Dislodge Young on 89 as NZ’s Opening Partnership Ends on 151 India ... Read more »

Bollywood Rewind | Mr and Mrs 55: When feminism was equated with being a vamp

© Provided by The Indian Express In this weekly column, we revisit gems from the golden years of Hindi cinema. This week, we revisit the 1955 release Mr and Mrs ... Read more »

Janhvi Kapoor dedicates a note to her ‘first film with Papa': ‘You give your heart and soul to every film'

© Provided by The Indian Express Janhvi Kapoor on Friday took to her social media platforms to announce that she has wrapped her upcoming film Mili, a film bankrolled by ... Read more »

Abhishek Bachchan said yes to Bob Biswas before reading the script, believes it is ‘better' than Kahaani

© Provided by The Indian Express Sujoy Ghosh’s 2012 film Kahaani had us picking up our jaws off the floor with its sinister plot twists but the character that left ... Read more »

ISL: Jamshedpur FC beat FC Goa 3-1

© Provided by Mid-Day Coming on the back of a draw against SC East Bengal, Jamshedpur FC took the early initiative of jumping on top of the table after dominating ... Read more »

India vs New Zealand 1st Test: KS Bharat Keeps Wickets on Day 3 as Wriddhiman Saha Suffers Stiffness in Neck

© Provided by News18 India vs New Zealand 1st Test: KS Bharat Keeps Wickets on Day 3 as Wriddhiman Saha Suffers Stiffness in Neck Team India suffered a huge blow ... Read more »

Weekly Sports Newsletter: How pacer Bumrah and drag-flicker Harmanpreet have changed India's sporting identity

© Provided by The Indian Express Dear Readers, This week a bit of good news went largely unnoticed by a nation that truly loves cricket but also claims to care ... Read more »

Grizzlies star Ja Morant suffers left knee sprain

© Rob Gray-USA TODAY Sports Ja Morant suffered an apparent knee injury Friday night. Memphis Grizzlies guard Ja Morant suffered a knee injury Friday night, and it looked very concerning. ... Read more »

Covid live: world scrambles to combat Omicron variant; New York declares ‘disaster emergency'

LIVE – Updated at 04:52 © Photograph: Jérôme Delay/AP People lineup to get tested for Covid in Johannesburg, South Africa. ECDC follows WHO in threat assessment of new variant; countries ... Read more »

New Covid variant: BioNTech says it could tweak Pfizer jab in 100 days if needed

© Provided by Khaleej Times Reuters file German biotechnology company BioNTech says it could produce and ship an updated version of the Pfizer vaccine within 100 days if the new ... Read more »

Duque: DOH backs travel ban on Hong Kong over new virus variant

Health Sec. Francisco Duque III at Nov. 15, 2021 briefing The Department of Health has recommended a ban on travelers from Hong Kong after the detection in the territory of ... Read more »

Black Friday Holiday Decor Deals From Home Depot, Macy's, Wayfair and More

© Cavan Images/Getty Images Each product has been independently selected by our editorial team. We may receive commissions from some links to products on this page. Promotions are subject to ... Read more »

Peloton bikes are up to $350 off in a rare Black Friday sale — but you'll have to act fast

Prices are accurate at the time of publication. When you buy through our links, Insider may earn an affiliate commission. Learn more. © Peloton Peloton The annual Black Friday sale ... Read more »

At least 19 killed in bus crash in central Mexico

At least 19 people were killed and 20 more injured on Friday when a passenger bus traveling on a highway in central Mexico crashed into a house, authorities said. © ... Read more »

Solomon Islands protests: 3 burned bodies found in Chinatown in Honiara following days of unrest

Three charred bodies have been found in a burned out building in the Chinatown district of the Solomon Islands’ capital, Honiara — the first reported fatalities after three days of ... Read more »

Brexit means you chose to give up migrant returns, France tells Boris Johnson

Pope Francis receives French President Emmanuel Macron in a private audience at the Vatican City on Friday French politicians have claimed that Brexit undercut the UK’s ability to tackle Channel ... Read more »

France's Macron tells UK to 'get serious' on Channel migrant crisis

1 / 3France’s Macron tells UK to ‘get serious’ on Channel migrant crisisTribute to the 27 migrants who died as they attempted to cross the English Channel By Sudip Kar-Gupta ... Read more »

Rain Updates: Waterlogging in Chennai After Continuous Showers, Schools Shut; Downpour Expected in Puducherry for Next 3 Days

© Provided by News18 Rain Updates: Waterlogging in Chennai After Continuous Showers, Schools Shut; Downpour Expected in Puducherry for Next 3 Days Areas in Tamil Nadu, Puducherry and Karaikal may ... Read more »

Karnataka UGCET first seat allotment result to release today, here's how to check

Karnataka Examinations Authority, KEA will release Karnataka UGCET first seat allotment result on November 27, 2021. Candidates who have registered themselves for the admission round can check the result through ... Read more »

India reports 8,318 new COVID-19 cases, 465 deaths in last 24 hours

© Provided by Zee News New Delhi: India witnessed a decline in daily COVID-19 cases as 8,318 new infections were reported in the last 24 hours, as per the Ministry ... Read more »

It`s tougher for women of colour: Chef Asma Khan on sexism in culinary industry

© Provided by Mid-Day You can almost smell the biryani, taste the phuchka, and hear the crackle of the luchis being fried, when you watch Asma Khan’s — chef and ... Read more »

Mall in Washington goes into lockdown after shots fired, one victim found so far

Shots were fired on Friday evening at a mall in Tacoma, Washington, which has gone into lockdown. Pierce County Sheriff’s Department Sgt. Darren Moss Jr. told KIRO at least one ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic