Abstract

The Complex World of Fishery Subsidies explores the intricate dynamics surrounding financial support provided to the fishing industry by governments worldwide. This abstract provides a glimpse into the multifaceted nature of fishery subsidies, categorizing them into capacity-enhancing, resource-altering, and income support forms. The article delves into the environmental and social consequences of these subsidies, shedding light on overfishing, ecosystem disruption, and social inequity. Acknowledging the global significance of this issue, the abstract emphasizes ongoing efforts within the World Trade Organization (WTO) to negotiate binding rules that balance economic growth with the imperative of sustainable fisheries. As nations grapple with these challenges, the abstract suggests that a comprehensive and collaborative approach is essential to navigating the complexities of fishery subsidies for the benefit of both the oceans and the communities they sustain.