What they are saying: The U.S. formally accepts WTO agreement on fisheries subsidies

United States Trade Representative Katherine Tai yesterday signed and presented the United States’ official instrument of acceptance of the Fisheries Subsidies Agreement to World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala. The Agreement determines disciplines for WTO members engaged in harmful fisheries subsidies, and marks the first-ever multilateral agreement that has environmental sustainability at its core. The Agreement also demonstrates the Biden Administration’s commitment to sustained engagement at the WTO to ensure that the institution delivers tangible results, fit for the times.

Elected officials and industry leaders applauded Ambassador Tai’s leadership and emphasized the importance of USTR’s ongoing commitment to advancing climate-conscious, worker-centered trade policy.