Discussion on fisheries subsidies has began to negotiate actively since tenth WTO ministerial conference in 2015. This paper analyzes the EU proposal on fisheries subsidies before eleventh WTO ministerial conference taking place in 2017. The reason th...
Discussion on fisheries subsidies has began to negotiate actively since tenth WTO ministerial conference in 2015. This paper analyzes the EU proposal on fisheries subsidies before eleventh WTO ministerial conference taking place in 2017. The reason that EU submitted the proposal is to prohibit capacity-enhancing subsidies which contribute to overcapacity and overfishing and establish transparency scheme of special and different treatment based on international law.
EU proposal clearly provides that regulations of fisheries subsidies prohibited shall not apply to fuel-detaxation schemes. Hence, the Korean government needs to refer to the EU proposal about fuel-detaxation which can be the most effective issue to the Korea. It is also worth to note that EU proposal presents 3 types of fisheries subsidies prohibited, and has no catch all provision. The future Korean proposal also needs to consider the article because it is directly related to the scope and conditions of application.
Additionally, EU proposal implies strong arguments about establishment of transparency schemes and special and differentiate treatment between developing countries and developed countries. Therefore the Korean government should prepare for the priorities of the fisheries subsidies to negotiate referring proposals by WTO member countries including EU.