Towards sustainable fisheries: Climate change and the implementation of the WTO Agreement on Fisheries Subsidies
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Products from fisheries and aquaculture are the most significant animal protein exported across international borders. Trade patterns in fisheries and aquaculture typically follow a supply pattern from developing to developed countries to make up for insufficient local production or to fulfil a specific demand connected to the diversity of species not produced locally. A diverse range of product types has led to the development of a global and complex value chain. The industry has undergone enormous growth over the past few decades, leading to increased global output, trade, and consumption.
The sustainability of the sector in all three dimensions - social, economic, and environmental – is no longer an option but a need. The underlying threats from climate change, biodiversity loss and pollution, together with direct threats and crisis, such as the COVID-19 pandemic and the ongoing conflict in Ukraine, demand decisive action in the sector. The long-term sustainability of the sector thus is crucial for the livelihoods, food security, and nutrition of billions of people.
The FAO will host an event during the Seafood Expo Global (SEG2023) with the participation of experts from the sector, who will share their experiences and expertise with the audience. The event will discuss the major challenges for fisheries and aquaculture products, such as climate change, and also will focus on the impact of the recently approved WTO Agreement on Fisheries Subsidies, particularly from the perspective of sustainability.