Oceans economy, climate and harmful fish subsidies
Oceans-based economic diversification could enhance the Nationally Determined Contributions of SIDS to the implementation of the Paris Agreement.
Trade can be an enabling factor in adaptation and in mainstreaming oceans-based economic activities in SIDS, where domestic markets remain small and remoteness is an intractable hindering factor.?
Taking stock at current developments in the final phase of WTO fish subsidies negotiations on potential approaches on prohibitions, harmful effects and cap-based systems as well as complementary options could be quite timely when devising trade related policies on oceans-based activities.
Disciplining fish and related fuel subsidies as well as a sound tax policy reform, can support mitigation efforts and create incentives for carbon-neutral technologies and best practices in key sectors such as transport, fisheries, and tourism.
