PH ratifies WTO pact on fisheries subsidies

THE Philippines has ratified a World Trade Organization (WTO) agreement on fishing subsidies, joining 69 other countries that have signed up for a global deal aimed at curbing overfishing and promoting ocean sustainability.

The country's «instruments of acceptance» were presented by Trade Secretary Alfredo Pascual and Agriculture Secretary Francisco Tiu Laurel to WTO Director-General Ngozi Okonjo-Iweala during the trade body's ongoing ministerial conference in Abu Dhabi, the United Arab Emirates.

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