Guatemala Joins Global Effort to Combat Harmful Fishing Subsidies

INSUBCONTINENT EXCLUSIVE:
its instrument of acceptance with the WTO, becoming the 92nd member to ratify the landmark environmental agreement.WTO Director-General
security.The agreement prohibits subsidies for illegal, unreported, and unregulated fishing activities worldwide
Ambassador Manuel Sperisen-Yurt stated that Guatemala now stands with the international community against unsustainable fishing
Effort to Combat Harmful Fishing Subsidies
meaning 19 more nations must ratify before implementation begins
The environmental treaty represents several historic firsts for global governance.It marks the first Sustainable Development Goal target
fully achieved through a multilateral agreement
sector including overfishing, climate change, and inadequate infrastructure
Approximately 5,000 Guatemalans work in fishing-related roles throughout coastal communities.Ratification progress has moved slower than
initially hoped
The original activation target dates of June 2023 and February 2024 passed without sufficient acceptances
Even after the agreement activates, it will only apply to countries that have formally accepted it.The treaty establishes new binding rules
to curb harmful subsidies contributing to global fish stock depletion
commitment strengthens the path toward reaching the threshold needed for this landmark agreement protecting ocean sustainability worldwide.