Sri Lanka has officially endorsed the WTO Agreement on Fisheries Subsidies, marking a key step in the global effort to promote sustainable fishing practices and protect marine ecosystems. This decision aligns the country with an international commitment to eliminate harmful subsidies that contribute to overfishing and illegal, unreported, and unregulated (IUU) fishing activities. By joining the consensus, Sri Lanka demonstrates its resolve to balance economic interests with environmental stewardship, supporting the livelihoods of small-scale fishers while fostering more responsible ocean management.

The agreement outlines several crucial provisions designed to enhance transparency and accountability within the fisheries sector. Among the key measures accepted are:

  • Prohibition of subsidies that contribute to overcapacity or overfishing
  • Elimination of subsidies for fishing activity in areas beyond national jurisdiction
  • Promotion of sustainable fishing practices through improved monitoring and enforcement
Key Aspect Impact on Sri Lanka
Fishing Subsidies Phased reduction aligning with WTO limits
Enforcement Collaborative efforts with regional partners
Support for Fishers Programs promoting sustainable livelihoods