SVG signs WTO fisheries subsidies agreement

STVINCENT ANDTHE Grenadines (SVG), has taken an important step toward strengthening the sustainable management of its fisheries sector and advancing its Blue Economy agenda with the signing of the World Trade Organization (WTO) Fisheries Subsidies Agreement during the 14th Ministerial Conference of the WTO.

Minister of Foreign Affairs, Foreign Trade, Foreign Investment and Diaspora Affairs, Dwight Fitzgerald Bramble signed and deposited the instrument of acceptance on behalf of SVG on March 26, 2026, reaffirming the country’s commitment to responsible fisheries governance and sustainable ocean management.

The Fisheries Subsidies Agreement represents a landmark achievement in global trade and environmental policy. It seeks to curb harmful fisheries subsidies that contribute to overfishing, overcapacity, and illegal, unreported, and unregulated (IUU) fishing, while promoting sustainable fishing practices among WTO member states.

For St Vincent and the Grenadines, the Agreement supports the continued development of the country’s Blue Economy, recognizing the critical role of marine resources in economic growth, environmental stewardship, and national food security. The fisheries sector remains an important contributor to livelihoods and economic activity across the nation.

Importantly, the Agreement includes provisions for special and differential treatment for developing countries, ensuring that small island developing states (SIDS) such as St Vincent and the Grenadines can implement its commitments in a manner consistent with national development priorities. The Agreement also provides access to technical assistance and capacity-building support to strengthen fisheries management and monitoring systems.