The Government of Argentina has formally accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies.
Argentina deposited its instrument of acceptance, joining other leading marine fish catch producers in affirming support for the Agreement.
The WTO Agreement on Fisheries Subsidies aims to ensure sustainable global fisheries by establishing new multilateral trade rules on harmful fisheries subsidies, such as those related to illegal, unreported and unregulated fishing. It is the second multilateral agreement, and first environmental agreement, to be negotiated at the WTO since its inception.
Formal acceptances from two-thirds of WTO members are required for the Agreement to enter into force - representing 111 members. Since 2022, 106 WTO members have deposited their instruments of acceptance. Only five more ratifications are needed for the Agreement to enter into force.