Iceland deposited its instrument of acceptance for the Agreement on Fisheries Subsidies on 10 May, making it the sixth WTO member to do so. Director-General Ngozi Okonjo-Iweala and Ambassador Einar Gunnarsson of Iceland, who is also chair of the ongoing second wave of fisheries subsidies negotiations, highlighted the importance of the Agreement’s entry into force for ocean sustainability and for the WTO. Ambassador Gunnarsson also announced Iceland’s pledge to donate CHF 500,000 to the WTO Fisheries Funding Mechanism.
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