• WTO fishing subsidies deal takes effect after two-thirds ratification
• Africa could benefit as illegal, subsidized fleets strain its waters
• Only 23 African states have ratified, fund set up to aid compliance
The World Trade Organization’s (WTO) agreement on fishing subsidies officially entered into force on Monday, September 15. During a meeting in Geneva, WTO Director-General Ngozi Okonjo-Iweala announced that the two-thirds threshold of members required for ratification had been reached, thanks to recent approvals by Brazil, Kenya, Vietnam, and Tonga.
“At a time when the international trading system faces profound challenges, the Agreement on Fisheries Subsidies sends a powerful signal that WTO members can work together in a spirit of cooperation and shared responsibility to deliver solutions to global challenges,” Okonjo-Iweala said. She added that the entry into force of the accord shows that many of today’s biggest challenges are best addressed at the multilateral level.
Adopted in 2022, the deal targets about $22 billion in harmful subsidies that fuel the depletion of marine resources each year. It bans public support for illegal fishing, the capture of overexploited stocks, and activities in unregulated high seas. The goal is to protect global fish stocks and preserve the livelihoods of hundreds of millions of people who depend on fishing.
Implications for Africa
For Africa, where fishing is vital for food security and jobs, the agreement could be a positive step. The sector is dominated by small-scale fishing with little state support, unlike other regions where industrial fleets receive heavy subsidies. But African waters are among the hardest hit by overfishing and illegal fishing, often carried out by foreign vessels that benefit from large subsidies. According to the African Union, illegal fishing costs the continent at least $11.2 billion annually.
A report by NGO Oceana highlights that countries such as China, Japan, South Korea, Russia, the United States, Thailand, Taiwan, Spain, Indonesia, and Norway are among the largest providers of harmful fishing subsidies worldwide. The European Union as a bloc is also often cited. These subsidies allow big industrial fleets to cut costs and fish off African coasts, competing directly with poorly supported local fishermen.
By preventing governments from funding vessels engaged in such practices, the agreement should ease pressure on African waters. However, some African countries may need to review the limited subsidies they provide if certain stocks are officially classified as overexploited. The deal also requires new commitments on data collection and transparency, which could be difficult for countries with limited scientific and administrative capacity.
So far, only 23 African countries have ratified the deal, showing the lack of a continental consensus. Many states remain cautious, concerned about the constraints it could impose on their fishing policies or their already modest support schemes.
To help the transition, a fund with more than $18 million pledged has been set up to support developing and least developed countries, most of which are in Africa, in implementing the agreement. But this reform is only a first step: a second phase of negotiations will tackle subsidies that increase fishing capacity, aiming to go further in addressing overexploitation and unfair competition from foreign fleets.
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
As a relatively small issuer in the West African Economic and Monetary Union (WAEMU) market, Benin i...
• Zambia building 152 new telecom towers, 40 already in service• Airtel, IHS and regulator ICTA lead rollout to boost rural connectivity• Project aims to...
• Kobo Resources raises $3.9 mln to fund gold exploration in Côte d’Ivoire• Funds to advance drilling at Kossou and early-stage work at Kotobi site•...
• SUNU Assurances Nigeria projects 45% drop in 2025 profit before tax• Forex losses and rising reinsurance costs weigh on earnings outlook• Gross premiums...
• Senegal to roll out 774 telecom towers under universal access program• Project aims to improve coverage for 436,000 people in underserved areas• Plan...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...